Alan Spoon, the former President of The Washington Post, spoke at a recent Center meeting and shared some of his experience as a non-family executive in a family held business.
On non-family CEO’s:
A non-family manager during the recruiting process will be especially interested in the growth plans for the business.
They will take into consideration:
- The ambition of the family
- The Strategic Plan for the business
- The family management genuine commitment to growing the business
- Important that “family is 110% committed”
He said one of the worst things a family can do is to say “let’s grow, but they don’t really mean it”