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Case Study: Where has the fire gone?
Case Study: Fair does not mean equal
Case Study: Fear of the unknown
About
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Kent E. Frese, Ph.D.
Lisa M. Frese
What is I-O Psychology?
Goals
Case Study: “Fair does not Mean Equal”
Situation and Objectives:
Sharon (53) and Tom (57) are husband and wife co-owners and officers of a specialty electronic component manufacturing company with $13 million in sales.
Sharon and Tom both receive salaries from the company as well as rent for the lease of 2 business real estate properties, which they own personally. They also own 4 other parcels of valuable real estate: their primary residence, a vacation home and 2 local mixed use warehouse/office properties.
They have 3 married grown children: Alex, Barb and Charlie. Alex is actively involved in the business. Barb just came back to work for the company after a several year stint with an unrelated business she co-founded with a couple college friends. Charlie works in the music industry.
Treating all their children fairly was an important concern.
Solution:
Sharon and Tom are now confident that they can safely leave the business while maintaining family harmony and financial security…
The company created a strategic vision and process for executing it, allowing the family to work together to set future direction, and protect Sharon’s and Tom’s legacy and business value.
By evaluating and developing the leadership and management skills of Alex and Barb (the children who are active in the business) and non-family key employees, the risk of failure was minimized and family stress reduced.
Sharon and Tom were able to transfer the business to Alex and Barb for the “lowest defensible value”, assuring that taxes would be minimized.
The process insured that Charlie (who was not active in the business) would be included through the use of non-business assets.
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Case Study: "Fear of the Unknown"
Situation and Objectives: John is 61 years old, the President and majority shareholder of regional plumbing and heating company with
…
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Case Study: “Fair does not Mean Equal”
Situation and Objectives: Sharon (53) and Tom (57) are husband and wife co-owners and officers of a specialty electronic component
…
Read More
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Case Study: “Where has the Fire Gone?”
Situation and Objectives: Bill is 53 years old, the President and sole shareholder of a testing laboratory with million
…
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