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Helping an Elderly Business Owner Let Go

by Jill Hamburg Coplan
March 29, 2000

Many failing businesses can be resuscitated and given new life. Not all companies can be saved. This article examines what can happen when a founder refuses to acknowledge his business is failing and family members and advisors are too afraid to deliver the bad news. Jill Hamburg Coplan interviews Professor Joe Astrachan from Kennesaw State University, Peter Calfee of of Family Business Advisory Partners, and David Gage of BMC Associates. The article provides a service by addressing a situation that is rarely discussed.

Read the full article at BusinessWeek.