For Money or Love? Financial and Socioemotional Considerations in Family Firm Succession
通过一个家族企业创始人在出售公司或传给儿子之间的抉择案例,探讨家族企业继任中财务回报与社会情感因素(如家族声誉、员工就业)的权衡。
In mid–2012, Charles Gilman, the founder and sole owner of the custom fixture manufacturer/installation company CustomFittings, was approached by a local competitor, Jack Miller, with an offer to buy his company for $9.5 million. This tangible offer forced Charles to decide what to do with CustomFittings, as he and his wife, Christine Gilman, were approaching retirement age. Although their son, Bill Gilman, was keen on taking over the company, Charles and Christine were depending on the firm to fund their retirement—but Bill did not have enough capital to buy the firm and thus provide them with a suitable retirement sum. While accepting the offer from Jack would put the couple in a comfortable position financially, the move might jeopardize their son's career, their employees’ jobs, and the family's legacy and reputation.