Family

Harvard Business Review Logo Victor Torres/Stocksy Family businesses often fail to prepare the next generation for their most important role—not as executives, but as owners. As a result, families can gradually lose the ability to direct the When the patriarch of a third-generation media company* died suddenly, the family believed the business was secure. The

Bechtel, the $23 billion (est. revenues) engineering and construction business based in Virginia, has been family run for five generations. The company was founded in 1898 in San Francisco by Warren Bechtel, who started out grading railroad track beds in Oklahoma. Bechtel has built landmarks from the Hoover Dam to the Channel Tunnel to a

Skip to content Post Post Share Annotate Save Print Many business owners come face-to-face with a difficult decision: whether to keep or sell the family business. Several triggers can prompt this question, including unsolicited offers, favorable market conditions, necessary growth capital, or the lack of a family successor to lead the company. Regardless of how

Science & Nature A new ancient DNA study published in Science Advances provides evidence that political power among Scythian elites may have been inherited...

Detroit’s Ilitch family is taking a larger interest in the casino business, lining up new acquisitions in established gaming markets. The family’s holding company has created Ilitch Gaming, a platform to bring its casino, hospitality and entertainment assets under one umbrella. The move signals a shift from a largely local presence to a more expansive

Roommates, an emotional moment unfolded at Southern University’s commencement ceremony as one family experienced both heartbreak and pride in the same breath. A year after Caleb Wilson’s tragic death shocked the campus community, his loved ones were met with overwhelming support as his name was honored during graduation. RELATED: Alleged Hazing Death Of Southern University

In many families, moments of tension quietly test values like family respect, responsibility, and personal dignity. Whether during home renovation stress or everyday missteps, small acts of accountability and empathy often shape healthier conflict resolution and stronger bonds. 1. When my FIL passed, he left us and my SIL equal inheritance. She spent hers on trips and spa stuff while we saved ours and put it into