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Risks and Rewards of Non-Family CEOs

Last year I interviewed several non-family CEOs (Chief Executive Officers) from around the country. I was interested in how they became involved in a family business, what they liked and disliked about working in a family business, and what they perceived as the risks and rewards of their position. Over the years, I have also spoken with scores of family business owners about the possibility of bringing in an outsider to run the company. It is a trend that makes a lot of sense if the fit is right. That, however, can be a challenge.

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