LG Investments, LLC: A Family Business in Generational Transition (A)
University of Virginia - Darden School of Business
Darden Case No. UVA-ENT-0123
This case could be used in courses about entrenpreneurship and managing small businesses. The founder and patriarch of a family business is confronted by his children regarding succession, equitable distribution of money from the business to nonworking family members, and nepotism. THe transition from first- to second- and third-generation involvement creates major challenges to the family harmony and the business beyond the life of the founding generation. There is a B case [ENT-0124] that examines these issues further.
Number of Pages in PDF File: 4
Keywords: family business
Date posted: April 5, 2010