Can you trust family-run businesses with your money? - The Business Times
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When sizing up one, ask: What will this family give up to protect the company?
When sizing up one, ask: What will this family give up to protect the company?
IN DECEMBER 2006, one of Americaβs most storied families mortgaged its own name.
Ford Motor Company pledged virtually all of its US assets, including factories, trademarks and even the famous Blue Oval logo, to raise US$23.5 billion in financing.
Imagine that: Bill Ford, the great-grandson of founder Henry Ford, handing the family crest to a group of bankers as collateral.
He built the Vingroup empire. Now South-east Asiaβs richest man is handing some key roles to his sons
Singaporeβs new data centres must use renewables. Can they overcome the hurdles?
Original Source
https://www.businesstimes.com.sg/wealth/wealth-investing/can-you-trust-family-run-businesses-your-money
