Here we are again talking about the merits of family ownership over public ownership. Tiring propaganda.
Allow me to refer all to Ford Motor Company. We heard about the merits of family ownership there as well, with the having been: delayed decisions or no decisions, dithering and billion dollar losses. Not a pretty site.
Of course there is room for family-owned business, but attempts to justify their superiority is a nonsense and humbug!.
Onésimo Alvarez-Moro
See article:
Investing fashions come and go. Public ownership has been often criticised for not serving the interests of all shareholders. Now, investors are being encouraged to think about the benefits of family-owned companies.
Examples of successful family-owned businesses abound. Wal-Mart is still chaired by the eldest son of founder Sam Walton. According to the Maine-based Institute for Family-Owned Business, more than a third of the listed companies in the Fortune 500 are family-controlled, as are nearly half of Italy’s 100 biggest companies and a quarter of France’s.
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