Compare two people, cities, cars, parents, athletes, colleges, styles of living, homes, grandparents, drivers, countries, vacation spots
Family controlled public firms present unique challenges from a business and governance perspective. Discuss some of issues that may arise from the governance of family-controlled firms.
Eric had articulated a strategic vision regarding the firm’s future and had initiated talks in that regard. Were those actions compatible with his role as chair? Why or why not? Should he have proceeded differently?
In the event of a vote of no confidence by the board, how should Eric have responded? Should actions have been taken beforehand to avoid this situation? Which ones? What would have been the implications?
