The Stoler Report-New York’s Business Report - Challenges of Transitioning to Next Generation
Episode Details
Original tape date: September 16, 2014. First aired: October 7, 2014.According to Paul Rich, 60% of businesses in America are family businesses, that includes Sears and Walmart. What happens when family members join the business? The first generation works hard growing the business, foregoing salary, vacations; 2nd generation may want to join the company, but only 1/3rd of 2nd generation companies survive. What are the secrets of successfully transitioning a business - generation to generation?
Guest List
Joseph M. Mattone, Sr. Chairman & CEO, The Mattone Group, LLC
Joshua L. Muss Chairman & CEO, Muss Development
Paul H. Rich Partner Emeritus, Rothstein Kraus
David A. Sterling Chairman & CEO, SterlingRisk
