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| One Bad Apple Can Spoil ... |
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| Don, Hubert, Dina, Rose and Linda
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| The Family
Business: One never knows
when power, love, and money intersect within a family, how it'll play out. When
company founders, Rose and Hubert Opici, thought the next generation was ready
to run the company, they retired to Florida. |
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| They were a bit too optimistic.
Though from within the family, their new leadership had power and money but not
the love that was Rose and Hubert's special ingredient that had nurtured this
business into being for over three decades. Luckily, Rose and Hubert were
paying attention. They came out of retirement, removed their bad apple, and
restored health and vitality to the business. |
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| The hard lessons learned from
that experience steeled the family for the tasks ahead. Their daughter, Linda,
became president and they began recruiting strong veteran industry talent. Then
to prepare their grandchildren, Dina and Don are getting on the job training
from the bottom up. |
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| The
Backbone of Democratic Capitalism |
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| Family Business... rough stuff |
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| But that's life: Most
businesses start as a family business. One-third of the top 1000 businesses are
still family businesses. The Walton's Walmart. Cargill. Ford. Mars. Look at
sales or net worth; they're all in the billions. To continue to be successful,
each of these families must manage the balance of "power, love, and money"
within their golden triangle. |
| -BEC |
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| Episodes about Family Business: Over a
third of our episodes of the show have been about family business! Here are
just a few. |
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| Succession Planning is the key: We did an
entire episode of the television show about succession planning and one of the
toughest can be from within the family. |
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More Family businesses flying high:
In every business, the health of the families are key to the health of the
business. We found this to be true in every story where the family business was
flying high. |
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Prior
column (Intangibles) |
The
Mailbag |
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