William Goodspeed is an American business executive with extensive experience in family businesses. A member of the Huber family and longtime Huber executive, he serves on several family company firms, including Sheetz, ABARTA, Granger and Longo’s. He also helps develop next-generation family members for future leadership.
The root of family-owned advantage comes from many sources, such as a mutual loyalty with employees and a mission that matters. But a big factor is independence from equity markets and therefore intense earnings scrutiny. This allows management for the long term.
Nobody really knows what the Trump presidency will bring, but one thing is certain: Trump is a very controversial figure who evokes strong emotions on both sides
Why appoint family members as directors when the pool of excellent, qualified, independent executives numbers in the thousands?
Employee engagement may be dismissed by some as paternalistic and weak, but it is the major weapon in a family business that public or private equity-backed firms struggle to replicate
Family businesses claim superiority due to their long-term orientation. Nowhere is this more evident than their treatment of people
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