Doug Baumoel, MBA, has spent the majority of his career in and around family businesses, having served as a second-generation executive in his own family’s business and holding key posts in other family operated companies both in the US and abroad. Widely respected for his insights on leadership, governance, succession and conflict management in family enterprise, he writes and speaks extensively, and is the Founding Partner of Continuity LLC, a global firm working with family businesses and their stakeholders. Educated in engineering at Cornell and with an MBA from Wharton, he holds a number of distinctions including Fellow of the National Association of Corporate Directors and the Family Firm Institute (FFI). He is co-author, with Blair Trippe, of Deconstructing Conflict: Understanding Family Business, Shared Wealth and Power.
There is another challenge though that faces family businesses in choosing leaders and that is most often family business stakeholders would be first time CEOs. If you're running a fairly large company and there weren't any family members, you'd pick somebody that has been there and done that befor...(Full transcript available to logged in subscribers.).
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