Newsweek Gets the News (At last)

Craig Aronoff

Newsweek (12/20/10) cites a recent Harvard study of 4000 firms that finds “companies in which families hold control ‘outperformed their counterparts by 6 percent in market returns and 10 percent in profits.”  Says Newsweek:  “The study refutes the long-held notion that family firms are plagued by infighting, failure to innovate and a tendency to mix personal and professional bank accounts.”  This certainly isn’t news to readers of The Family Business Advisor, but its nice to see that Newsweek (until recently owned by the Graham-family-controlled Washington Post Company) has finally gotten the news.

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