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Author(s)

Lloyd Shefsky

Students witness a discussion by the board of a family-owned business on whether or not to sell some of the firm's real estate to generate liquidity for re-investment. Members of the board include: the current president/board chairman who is the son of the founder, his two adult children who each work at the firm in positions of responsibility, his sister's husband who is a successful banker representing his wife's 50% share of the enterprise, and two independent non-family board members with substantial experience in related fields.
Date Published: 2004
Citations: Shefsky, Lloyd. 2004. The Prince Company Board of Directors Meeting: A Family Business Case Study video enactment presentation.