Articles

HERITAGE AND TRADITION IN FAMILY BUSINESS
by Richard L. Narva

How Family-Controlled Enterprises Connect the Experience of their Past to the Promise of their Future

Introduction – The Myth
In her incisive portrait of William Clay Ford, Jr., the fourth generation of the Ford family to head their eponymous industrial behemoth, Martha Sherrill captures a Kodak moment between Mr. Ford and the […]

WRITING THE OPTIMUM SCRIPT FOR THE FAMILY AND THE BUSINESS
by George P. Bukuras and Richard L. Narva

There is a wonderful scene in the 1962 epic film Lawrence of Arabia. T.E. Lawrence (played by Peter O’Toole) suggests to Sherif Ali (played by Omar Sharif) that Lawrence’s battle plan is to have his untrained and disorganized Bedouin troops race on camel across the Nefud Desert to surprise the enemy […]

ADDING VALUE BY ADVOCATING PEACE: THE CASE FOR MEDIATION
by George P. Bukuras, Esq., CPA

Year after year polls taken of business decision makers reveal CPA’s to be the most trusted advisors of the majority of businesses polled.  When considering the panoply of advisors to business: CPA’s, attorneys, insurance advisors, technology consultants, actuaries, etc., and the services thus provided, it is of little surprise that […]

MANAGING INTERGENERATIONAL EXPECTATIONS, RESPONSIBILITIES AND RELATIONSHIPS IN A FAMILY ENTERPRISE
Emily F. Abrams and Louis Turchetta

We were never given a choice about working in the business. Our parents expected it and only one of our brothers rebelled. We’ve had some tough years, but the business has done well and we’ve given our children good lives. We just want them to be able to […]

TWO PLANS FOR THE FAMILY-CONTROLLED ENTERPRISE
by Richard L. Narva and Peter von Braun

A dual initiative that can help a business family ensure continuity of ownership control and harmonious family relationships.
Most people have a pretty straightforward vision of the perfect family business. They hope for a continual strengthening of the company’s financial and market position so it can support the lifestyle needs of […]

HOW TO CREATE EFFECTIVE GOVERNANCE IN A FAMILY CONTROLLED ENTERPRISE
by Richard L. Narva, Esq. and Beth G. Silver, Esq.

A key issue facing family firms is: How do the family members who control a business balance the art of maintaining family harmony with the duty to all constituencies of the enterprise to develop a dynamic business enterprise effectively pursuing competitive long-term strategies? This article suggests that one fundamental tool […]

WHAT WENT WRONG AT DEMOULAS SUPERMARKETS AND HOW TO FIX IT
by Richard L. Narva

None of the press coverage of the train wreck that Demoulas Supermarkets currently presents is grounded in a professional understanding of what makes family controlled enterprises, especially large growth companies controlled by families, thrive — or — in the alternative, self destruct quickly or wither slowly on the vine. Much of […]

OF GREEKS, LAMB AND TRAGEDY: LESSONS FROM MARKET BASKET
by Richard L. Narva and George P. Bukuras

Click here to read the full article as published in the Massachusetts Lawyers Weekly, October 6, 2014.

NEW ENGLAND SCHOOL OF LAW VIDEO PRESENTATION

Richard Narva and George Bukuras offer candid insight into the 2014 Market Basket/Demoulas Supermarket Saga at a Boston Faculty-Student Discussion presented by the Center for Business Law. Their frank remarks are captured on video. For more on this subject, see the Narva and Bukuras article in MA Lawyers  Weekly.

FINANCING FAMILY BUSINESS: ALTERNATIVES TO SELLING OUT OR GOING PUBLIC
by Dirk R. Dreux IV

Family businesses, whether private or public, constitute a major segment of the American economic system. A conceptual framework, from a financial practitioner’s perspective, is presented for simplifying the conflicting objectives of the business and its shareholders with respect to the fundamental issues of control, liquidity, and capital.

The investment objectives and […]