Taking Over: Insider Tips from a Third-Generation CEO

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Mitchell Kaneff assumed leadership of Arkay Packaging in when he was 30 years old. The book shares his personal story, including a letter he wrote to his father asking him leave the business, along with stories from other families who struggled through leadership transitions. Log In Sign Up. Successful Generations Follow.

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Each week, host Ellie Frey Zagel, Founder of Successful Generations and third generation of her family's foundation, interviews subject matter experts to help next gen leaders reach their goals and feel not-so-alone while doing it. Ellie keeps it real, practical and "oh-so-authentic" as she dives into topics such as money, health and leadership, work-life balance, raising financially awesome kids, and asking taboo questions such as "why won't you retire?

Check it out! Show More. All Episodes. It is strength that Robert, a lawyer, had to find for his face-to face meeting with his older brother to tell him that he would be leaving the family business after getting his start at the firm nearly a decade ago.

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During college, Robert started at the family law firm as a law clerk before graduating from law school and becoming an attorney. A little more than a year ago, Robert began searching for a new a job, secretly, to keep the work environment "pleasant. This Tuesday he announced his new job to his brother who wished him well and good luck.

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Working at outside companies before starting a family business in an asset, according to some. The children are forced to learn how the real world lives and that can add value to the business. To avoid regrets and retribution ask for fair pay. Sometimes, Hedley says, children toil away at low-paying jobs with the promise that someday they'll be an owner, and finally when the child is 65 years old, the dad dies and they learn there's nothing left for them and the business is out of money.

He calls this "adult child abuse. The common problems that crop up when family members share a work relationship is the lack of communication.


Family members may feel taken advantage of fight over leadership. All rights reserved. Dad, you're fired. Mom, You're Fired!

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