Summer Event: 2009 Summer Tailgate
“Succeeding Over Time”
Presenter:Lansing Crane, formerly CEO & Chair, Crane & Company
Location: Memorial Union, Tripp Commons
Date: Tuesday, July 14
When: 5:45-9:00 p.m.
Details: 5:45-6:45 p.m. socializing; 6:45-7:15 p.m. indoor buffet dinner; 7:15-7:45 p.m. UW Men’s a cappella student group, Fundamentally Sound; 7:45-8:30 p.m. keynote speaker, Lansing Crane; 8:30-9:00 dessert & socializing
While few family businesses master the challenges of succession, Crane & Company—founded in 1801 and now in its seventh generation—has done just that. This summer’s Tailgate features former CEO and sixth-generation leader Lansing Crane who will describe how the Crane family has beaten the succession odds by professionalizing the family firm, managing the pace of strategic and technological change, preparing family members for leadership, providing strategic liquidity to its owners, and staying “green” for over 200 years.
Tuesday, July 14, 2009
5:45 pm – 9:00 pm
Register
2009-10 Program Calendar
1. Managing Boundaries in the Family Business: Why, When and How Successful Companies Do It—and How Yours Can Too!
Jane Adams
Tuesday, September 29, 2009
8:30 am – 11:30 am OR 1:30 pm – 4:30 pm
Working together can weaken or fray the ties that bind, causing friction, conflict or even physical and/or emotional distress—not just to the principals or others who may be directly involved in the business, but everyone with a personal, professional or financial stake in the family or the business, or both.
Understanding how family boundary styles influences family businesses, shapes the boundary culture of the organization, and plays out in the boardroom is key to building on individual as well as family strengths and transforming conflict into and opportunity to increase understanding and intimacy between husband and wife, parents and grown children, among siblings, and within their own families.
This presentation offers family business principles tools and strategies to leverage their individual and collective strengths to further their business objectives as well as their personal and relational goals.
2. Developing Your Next Generation Leaders
Katherine Grady, Lansberg, Gersick & Associates LLC
Tuesday, October 20, 2009
8:30 am – 11:30 am OR 1:30 pm – 4:30 pm
A CEO wonders if his sons and daughters are capable of taking the company he founded to the next level. Three cousins find themselves competing for the top leadership position. A designated successor wonders if this is the right career path. A family struggles to select the best family Directors for their new Board. Each of these family businesses is looking to develop the next generation of family leaders. Their questions are goods ones, but the answers are not always easy. The success of the family firm, as well as the success of individual family members, depends on how well these questions are both asked and answered.
In this forum, we look at the challenges each family business faces in the development of its future leaders and the approaches that these enterprises can use to increase their chances of coming up with good answers to these questions. We examine methods for encouraging talented and interested family members to enter the business and governing roles, systems that can be set up to develop future leaders, ways of assisting family members to consider both business and ownership roles, and processes that can be put in place to help with succession decisions.
3. What Non-Family CEO’s of Family Businesses Must Know to be Successful with the Family and in the Business
JoAnne Norton, Freedom Communications
Tuesday, December 8, 2009
8:30 am – 11:30 am OR 1:30 pm – 4:30 pm
Who should lead the family firm when a family member can’t, won’t, or shouldn’t? What strategies can be used to improve the odds of success of non-family CEOs? What can family owners do to develop successful relationships with their non-family CEOs? Finally, what advice would those who have been in the trenches give to those who are now leading or who might someday want to lead a family business?
Dr. JoAnne Norton explored the relationships of successful non-family CEOs of successful family businesses and the family owners for her doctoral dissertation. She also has the unique perspective of having served four non-family CEOs as the Vice President of Shareholder Relations of a major media company. In this dynamic presentation, you’ll learn what contributes to a successful relationship between the non-family CEO and the family owners, the characteristics non-family CEOs absolutely must have, and the specific strategies used by some of the best. You’ll also learn the tactics employed by the owners of family firms to develop effective relationships with the non-family CEO. Whether you are considering hiring a non-family CEO, becoming one, or working with one, this is a presentation that will provide insight as well as practical advice.
4. Estate and Succession Planning for Family Business Owners: Modern Approaches Made Easy
Mark Bradley, Ruder Ware
Tuesday, January 12, 2010
8:30 am – 11:30 am OR 1:30 pm – 4:30 pm
By attending this program, you will learn how and when the transfer of assets—by lifetime gift or death time transfer—may be subject to the federal transfer tax system—gift, estate, and generation-skipping transfer taxes. If they apply, subjecting your estate to these taxes is voluntary. You will learn how you can structure your estate plan to minimize your exposure to these taxes to an acceptable level, or eliminate them altogether. You will also learn about practical non-tax techniques that business owners can use to ensure the successful transition of ownership and management of their companies, respecting both the interests of family members who are and are not active in the company.
5. Once Upon a Family Legacy—video stories that spark a path to the future
Kathy Wiseman, Working Systems
Tuesday, March 16, 2010
8:30 am – 11:30 am OR 1:30 pm – 4:30 pm
The Succession Chronicles. Watch succession unfold on the screen as two families think about and experience the process of leadership succession in their family businesses one a small private enterprise and the other a NY Stock Exchange company. Excerpts of videos filmed over an eight-year period give viewers a front-row seat as the families manage their relationships, business demands, marketplace changes, and the process of aging. Business owners who have viewed the chronicles say the stories provoke new ideas, increase their motivation, and serve as a call to action to finally do what they have been putting off until “next year”.
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