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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 646 |
Essay's paper body
Aswell as it can be strength we also think it can be a weakness. Business Week says: "Family influence can sometimes work against success. Family feuds, such as the one that wracked Campbell Soup in the late 1980s, while infrequent, can be devastating. The insularity of family outfits sometimes breeds an apparent disregard for outside shareholders verging on contempt...
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Exhibit A being founder John Rigas of Adelphia Communications Corp. (ADELQ) and Michael and Timothy, his sons, who are waiting to stand trial over charges of fraud at the company. CEO succession is often chaotic, with families either failing to groom successors or unwilling to show an underperforming family member the door...
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