Friday, 15 January 2010

Facts about family-owned companies

The following statistics were collected by the Boston-based Family Firm Institute:

The leadership of 39 % of family-owned businesses changed hands by the end of 2008.

34% of family firms expected the next CEO to be a woman; 52% of participants hired at least one female family member full time, and 10% employed two female family members of  the same status.

Of CEOs age 61 or older and due to retire in 2008, 55% had not yet chosen thier replacement.

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