SUCCESSION PLANNING: The often-knotty problems of family businesses trying to stay that way

Quote by Edward S. Rosenfeld:

Management Versus Ownership

Edward S. Rosenfeld, a family business consultant in New York City, says that an increasingly common issue in succession plans these days is working out the differences between the management and ownership of family businesses as they make a transition. As successive generations produce more family members who don’t work in the business but still have an ownership interest—or who work there but aren’t owners—the question becomes: “What does it take to be a responsible owner?” Rosenfeld asks.” More….

http://forward.msci.org/articles/?id=523