The Complexities and Legacy of Family Business

Family businesses aren’t just companies—they’re dynasties with balance sheets. In this episode, we dive into the real-life drama behind the firms that make up over 90% of the world’s companies, where loyalty collides with profit and every board meeting feels like a family reunion with higher stakes. From generational handovers fraught with expectation and insecurity to power struggles between heirs and outside professionals, we explore why running a family business is both uniquely challenging and deeply human. And at the heart of it all is a simple truth: in these companies, leadership isn’t inherited—it has to be earned.https://www.economist.com/business/2023/04/05/the-resistible-lure-of-the-family-business