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🔒 Heir shortage: The looming crisis for family companies

In the intricate tapestry of the global economy, family companies often remain the unsung heroes, constituting over 90% of businesses. ....

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Family companies are experiencing heir loss

More than 90% of all companies are family companies and a third of companies in S&P 500 index have a family element. Yet thanks to a combination of demographics and changing social mores, many family firms now face the ultimate threat to their survival: a shortage of heirs. The best family firms are not just engines of progress and innovation, but are repositories of public trust ....

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