Edward Rosenfeld Archive

When Your Parents Pay Your Salary

“Differences are unavoidable between generations,” says family business consultant Ed Rosenfeld. “The senior generation generally has an interest in preserving what they’ve built and an economic incentive to protect their retirement. The younger generation feels pressure to grow the pie in a shorter time frame, or they’re not going to get the lifestyle that they [&hellip

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Pitfalls in Hiring and Managing Family Members

The Family-Business Soap Opera Excerpt: Edward Rosenfeld was president of International Furniture Rentals in Hawthorne until it was sold to Warren Buffett’s Berkshire Hathaway. Today, he serves as a consultant to other family owned businesses and has seen plenty of role confusion in them. “If there are other family members in the business, their relationships [&hellip

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