Despite Some Bumps, Firms Have Survived and Even ProsperedDespite Some Bumps, Firms Have Survived and Even Prospered
PricewaterhouseCoopers LLP (PWC) has released its second global family business survey in November 2010, Kin in the Game, available online at www.pwc.com. In 2007, when PWC completed its first survey, there were few signs of the financial crisis that was about to occur. The deepest downturn since the Great Depression wrought carnage on numerous companies and though the worst appears to be over, significant
David Thayne Leibell, partner in the Stamford, Conn. and New York City offices of Wiggin and Dana
PricewaterhouseCoopers LLP (PWC) has released its second global family business survey in November 2010, “Kin in the Game,” available online at www.pwc.com. In 2007, when PWC completed its first survey, there were few signs of the financial crisis that was about to occur. The deepest downturn since the Great Depression wrought carnage on numerous companies and though the worst appears to be over, significant economic fears remain. So how have family firms fared during this period of economic turbulence? According to the new PWC survey, many family businesses have not only survived, but also have prospered.
The survey covers small and mid-sized...
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