On Tuesday, January 19, 2021, we hosted our 4th Roundtable Session with 14 exceptional Family Business leaders.
Our featured collaborator was Dennis Passis, who stated,
"We were a highly successful mid-sized company that had been around since about 1950. In 2004 our father died. And six months later, I was the subject of a minority shareholder squeeze out. Those words are really pretty descriptive."
"I spent the next six years in litigation with my mother, sister, brother-in-law, and the company. And obviously, my son was also out of the business. That litigation went to trial, and we ended up in a settlement during the middle of the trial."
"And then I spent time figuring out what the devil happened. We had always presented to the world, the fact that we were a closely-knit company that enjoyed being with each other. We had no problems, and that was our image. And we would get together on Friday nights."
"Many times the family toast was "May it Never End". Like I said, we we...
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