In the Blood: Battles to Succeed in Canada’s Family Businesses
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A revealing look at twelve of Canada’s prominent business families. From the corner grocery store to internationally recognized power corporations such as Molson Inc. and Ellis-Don Construction Ltd., Canadian family-owned businesses generate a combined sales volume of $1.3 trillion, employing an estimated six million Canadians. But what happens when the entrepreneurs who establish these great companies try to pass the baton on to the next generation?In the Bloodreveals that the unfortunate result is often disruption, pain and familial splits that can leave not only the fate of the company, but sometimes the communities who depend on them, hanging in the balance. However, family businesses do have a number of advantages over their counterparts, and with judicious planning, can continue into future generations. In these remarkably candid profiles, some of Canada’s most prominent business families describe the successes and failures of their empires at the hands of family members. Gordon Pitts takes these stories further, offering observations and advice to those trying to avoid family strife while building empires of their own.