Borrowed From Your Grandchildren : The Evolution of 100-Year Family Enterprises

**Families share how they have maintained and grown their wealth from generation to generation.** While creating wealth is a wonderful achievement, business families are also concerned with how their wealth is used to support their values, the lives of their children and the well-being of the community. Over several generations, families who are successful in growing their wealth have been able to reinvent themselves and their business in the face of significant environmental transformations and internal differences cause by family dynamics. __Borrowed from my Grandchildren__ is a fascinating look at how large, long-lasting business families succeed across generations. Author Dennis T. Jaffe, one of the leading architects of the field of family enterprise consulting, has interviewed members of successful, well known, 100-year family enterprises from 20 countries, who serve as role models for those wishing to see their wealth positively impact their children, employees, and communities. Half continue to own their legacy business and others have gone on to become family offices with a portfolio of shared assets, but all these families have sustained their values and identity as a family over more than three generations. Offering the collected wisdom of nearly 100 global business families, this insightful book shares the real-life stories of partners in business and wealth management over three of more generations. Families that generate rather than reduce their wealth across generations, known as Generative Families, focus on engaging across generations and develop collaborative governance for both family and business to ensure responsible stewardship from one generation to the next. This unique resource: - Presents real-life stories of families sustaining wealth over generations - Explores both the successes and failures of retaining family wealth - Includes rare private insights from members of prominent wealthy families - Examines the nature of global family enterprises and their evolution over generations - Discusses the financial, human, and social dimensions of wealth __Borrowed from my Grandchildren: The Evolution of Stewardship in 100-Year Families__ is an essential read for family members, non-family executives, family offices, estate planning lawyers, family business consultants, trust officers, philanthropic and foundation advisors, financial advisors, financial planners, CPAs, and other finance professionals.

Families share how they have maintained and grown their wealth from generation to generation.

While creating wealth is a wonderful achievement, business families are also concerned with how their wealth is used to support their values, the lives of their children and the well-being of the community. Over several generations, families who are successful in growing their wealth have been able to reinvent themselves and their business in the face of significant environmental transformations and internal differences cause by family dynamics. Borrowed from my Grandchildren is a fascinating look at how large, long-lasting business families succeed across generations.

Author Dennis T. Jaffe, one of the leading architects of the field of family enterprise consulting, has interviewed members of successful, well known, 100-year family enterprises from 20 countries, whoserve as role models for those wishing to see their wealth positively impact their children, employees, and communities. Half continue to own their legacy business and others have gone on to become family offices with a portfolio of shared assets, but all these families have sustained their values and identity as a family over more than three generations.

Offering the collected wisdom of nearly 100 global business families, this insightful book shares the real-life stories of partners in business and wealth management over three of more generations. Families that generate rather than reduce their wealth across generations, known as Generative Families, focus on engaging across generations and develop collaborative governance for both family and business to ensure responsible stewardship from one generation to the next.

This unique resource:

• Presents real-life stories of families sustaining wealth over generations
• Explores both the successes and failures of retaining family wealth
• Includes rare private insights from members of prominent wealthy families
• Examines the nature of global family enterprises and their evolution over generations
• Discusses the financial, human, and social dimensions of wealth

Borrowed from my Grandchildren: The Evolution of Stewardship in 100-Year Families is an essential read for family members, non-family executives, family offices, estate planning lawyers, family business consultants, trust officers, philanthropic and foundation advisors, financial advisors, financial planners, CPAs, and other finance professionals.

"Many families believe that creating wealth is the real achievement; after that everything is easy. But that is far from the case: most family wealth runs into difficulty as the family attempts to pass it to the next generation and have them use it wisely. Sustaining and even adding to the family wealth across generations is actually a greater challenge than making it. The media is full of tragedies and morality tales about the loss of family wealth over generations, and how wealth produces successive generations of heirs who are dysfunctional and unproductive. Families search for advisors who can help them overcome this. But a few well-known families do not rest after their first generation of success. They continue to succeed across generations and develop new generations of family leaders who use their wealth in wise and wonderful ways, and even add to the family "wealth" both financially as well as in human and social dimensions. These family dynasties are role models for many families who want to see their wealth have positive impact on their children, as well as family employees and their community. This book presents the accumulated wisdom from a group of nearly 100 large global families who have continued as partners in business and wealth management over three of more generations. They are called Generative Families because they generate rather than diminish their wealth. Reporting from a study that interviewed 100 large, global families who had sustained a successful business and family connection over more than three generations. A picture is presented--in their own words--of the nature of global family enterprises and how they evolve over generations. These families are very private and do not commonly share the full details of what they have done to sustain vitality across generations. After a successful first generation, these families focus on developing a great family and renewing the business --engaging across generations, developing clear and collaborative governance for family and business, developing the next generation, and serving the wider community"-- Provided by publisher