Freedom Communications, Inc: Family Enterprise or Liquidity?
A family media enterprise with very strong family culture and values is in the third and fourth generation of ownership and governance. They face a crisis when a large number of family shareholders want to cash out their shares. What led to this situation? How could it have been avoided? How should it be resolved? LEARNING OBJECTIVE: Lack of succession and liquidity planning can harm the business through generations when it becomes a crisis.
John L. Ward, CarolAdler Zsolnay
Ward, L. John, and CarolAdler Zsolnay. Freedom Communications, Inc: Family Enterprise or Liquidity?. Case 5-307-504 (KEL339).