Michael Useem
Michael Useem
concluded endemic problems
If he has concluded the problems of Delphi are endemic to the industry, ... that would say, 'pay attention.'
board bring clock directors enterprise family genuinely management outside push
If you push back the clock 25 years, a family enterprise could take the heat. But these days, if the enterprise is genuinely failing, the drumbeat that the board of directors will feel to bring in outside management will become irresistible.
choice publicly
If it's publicly traded, you've got no choice -- you have to get results,
almost ancestors ghosts looking responsibility sacred sure top wealth
There's almost a sacred responsibility top make sure the family's wealth grows, and you have the ghosts of your ancestors looking over your shoulder.