The succession crisis coming for family firms
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The succession crisis coming for family firms
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About this listen
Around two-thirds of all firms worldwide are family businesses. This is about to become a problem. A succession crisis is brewing as family elders consider handing over control of their empires to the next generation. So what happens if their heirs aren’t up to the job?
Guests and hosts:
- Lizzy Rudd, chair of Berry Bros and Rudd
- Sanjiv Bajaj, managing director of Bajaj Finserv
- Dr Josh Baron, senior lecturer at Harvard Business School
- Avantika Chilkoti, The Economist’s global business writer
- Mike Bird, co-host of “Money Talks”
- Ethan Wu, co-host of “Money Talks”
Topics covered:
- Family businesses
- Succession planning
- Luxury firms
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