Francis Farwell, founder of WinterSilks Inc., a Middleton, Wis., mail-order apparel company, planned to sell his business from the start. Based on that decision, he built the business accordingly. Instead of plowing all his earnings into growth, he made sure the company maintained a sizable free cash flow, making it more attractive to potential buyers. In 1990, Farwell sold out, pocketing several million dollars.
My family, particularly my father who's very much a corporate person and has, at this point, been in the same job for 53 years at the same company as a retired and semi-active partner in a investment-banking firm in Chicago. And not only has he had the same job, but he has ridden the same car on th...(Full transcript available to logged in subscribers.).
Register & Subscribe
Login