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retirement

February 3, 2021

Family businesses are more vulnerable to inadequate succession planning because, understandably, members of every generation involved with the business are likely reluctant to discuss, much less contemplate, the incapacity or death of the current leaders.

Family businesses are more vulnerable to inadequate succession planning because, understandably, members of every generation involved with the business are likely reluctant to discuss, much less contemplate, the incapacity or death of the current leaders.

January 22, 2021

Choosing the right leader at the right time will be one of the most critical decisions you can make to secure the continued success of your business. Rarely has continuity and succession planning been more important, given the recent challenges faced by family businesses throughout the world.

Choosing the right leader at the right time will be one of the most critical decisions you can make to secure the continued success of your business. Rarely has continuity and succession planning been more important, given the recent challenges faced by family businesses throughout the world.

December 8, 2017

The 82-year-old co-founder of iconic Italian fashion retailer Benetton has taken over control of the family business from non-family executives as it struggles with mounting losses. 

The 82-year-old co-founder of iconic Italian fashion retailer Benetton has taken over control of the family business from non-family executives as it struggles with mounting losses. 

In 1965 Luciano Benetton (pictured) established the company with his three siblings that became famous for colourful knitwear and provocative advertising campaigns in the 1980s and 1990s.

He served as Benetton's chairman from 1978 to 2012.

August 27, 2015

With vast numbers of baby boomers now on the cusp of retirement, the aged and elderly are set to take up a greater slice of the demographic pie. CampdenFO looks at how family offices can tap into this so-called “silver economy”

September 23, 2013

Two thirds of Australian family businesses do not have a succession plan in place despite the majority of family chief executives being over the age of 50 and nearly 20% being over the age of 65, according to a KPMG and Family Business Australia survey.

Two thirds of Australian family businesses do not have a succession plan in place despite the majority of family chief executives being over the age of 50 and nearly 20% being over the age of 65, according to a KPMG and Family Business Australia survey.

Seventy-two per cent of family businesses listed balancing family and business issues as the primary challenge for their family firm, and 67% said maintaining family ownership was a primary concern.

January 12, 2011

Amancia Ortego, the billionaire founder of Spain-based Inditex Group, owner of clothing brand Zara, plans to retire as chairman of the company he started 25 years ago, leading to speculation that his daughter might be the eventual heir apparent.

Amancia Ortego, the billionaire founder of Spain-based Inditex Group, owner of clothing brand Zara, plans to retire as chairman of the company he started 25 years ago, leading to speculation that his daughter might be the eventual heir apparent.

He will be replaced by non-family member Pablo Isla, the current chief executive and chairman, but some insiders reckon that his youngest daughter, Marta Ortego Perez, will eventually take control of Inditex.  

November 24, 2008

Rob Walton, chairman of the Wal-Mart board of directors and son of founder Sam Walton, has announced the surprise departure of CEO Lee Scott after nine years at the helm.

Rob Walton, chairman of the Wal-Mart board of directors and son of founder Sam Walton, has announced the surprise departure of CEO Lee Scott (pictured) after nine years at the helm. Mike Duke is promoted to succeed Scott who will continue serving as chairman of the executive committee of the board.
 
“This management change occurs at a time of strength and momentum for Wal-Mart,” said Walton, referring to the latest earnings figures released earlier this month that showed sales were up 7.5% on the same period last year.
 

March 13, 2008

The chairman of one of the UK’s most successful family companies is stepping down.

The chairman of one of the UK's most successful family companies is stepping down. Sir Ken Morrison (pictured) will retire as chairman and director of supermarket giant WM Morrison today after more than 50 years of working in the firm. The company was founded in 1899 by Ken's father, William Murdoch Morrison.

January 1, 2007

Don’t let those close to you delay your decision to retire and pass on the baton. Once the planning process is complete, says Tom Davidow, work together as a family and commit to the change – it can be a positive move for you, your family members and the business

Tom Davidow is founder and principal of Thomas D. Davidow & Associates, based in Brookline, MA.

Don't let those close to you delay your decision to retire and pass on the baton. Once the planning process is complete, says Tom Davidow, work together as a family and commit to the change – it can be a positive move for you, your family members and the business

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