UNC Kenan-Flagler Blogs

Author Archives: Kristina Magnuson

Join Us to Hear Great Family Business Speakers

We have a terrific line-up of experienced family business leaders and experts coming to Kenan-Flagler this spring.  Please join us!  Contact Cooper Biersach at biersach@unc.edu. Here is our list of upcoming class and roundtable lunch speakers: • March 25, 12:30-1:45: Father and son team, Steve and Durant Bell, Bell Partners • March 26, 2014, 2:00-3:15: Family Business Governance, Speaker: Dini Cecil Pickering, Vice Chair of Board of Directors, Biltmore Company, Asheville, North Carolina • April 1, 2014, 4:00-6:00: Independent Boards: Creation, Composition, and Utilization, Speaker: Roy Richards, Jr., former CEO and current non-executive Chairman, Southwire • April 2, 2014, 2:00-3:15: Governance/ Financial Considerations and Valuation, Speaker:  Michael Jacobs, Founder & CEO, Jacobs Capital and Professor of the Practice of Finance, Kenan-Flagler Business School • April Read More

Values-Based Leadership Transforms Company Culture of Family Business

by Nick Mellott, MBA ’15 Students in Family Business I: Introduction to Family Enterprise were recently treated to a special guest presentation and discussion with Charles Luck IV, President and C.E.O. of the Luck Companies in Richmond, Virginia (quoted here last week in The Wall Street Journal). Mr. Luck shared with the class the firm’s background and also discussed how Luck’s Values-Based Leadership program has transformed the company. The Luck Companies are comprised of four business divisions including Luck Stone (aggregate producer), Charles Luck (architectural stone), Har-Tru Sports (clay tennis courts), and Luck Development Partners (real estate). The company was founded in 1923, and Mr. Luck still works closely with his father, Charles Luck III, who serves as Chairman. Mr. Luck’s Read More

Mike Griffin Shares his Story with Family Business Students at FEC Roundtable

Laura Solie Quinn, MBA ’14 and Family Business Club Co-VP, shares her impressions of a Family Enterprise Center lunch with Mike Griffin, BSBA ’87 and managing partner in Griffin Brothers Companies. As I walked to my car after the lunch, I reflected on the  fantastic group conversation with Mike Griffin.  After briefly sharing our backgrounds, Mike started the family business event by leading us through his own business journey.  He candidly spoke of the challenges and successes of Griffin Brothers Companies.  He then opened up the floor for questions.  Immediately, first and second year MBAs started sharing intimate concerns about their own family businesses. “How do you approach your dual role as son and employee?” one student asked.  ”Is passion in the company Read More

Cheerwine’s Joy and Carl Ritchie Speak at First Undergraduate Family Business Club Meeting

Brother and sister duo, Joy (BSBA ’09) and Carl (BSBA ’12) Ritchie, presented at the inaugural meeting of our newly formed Undergraduate Family Business Club. They came bearing Cheerwine and a wonderful presentation that summarized the company’s colorful history as well as their exciting future.

Happy Summer from the Family Enterprise Center!

  We have completed another great semester with a strong group of family business students.  Highlights from the semester and recent student comments are on our Blog.  Read our February FEC newsletter.Our new MBA Family Business Club VPs, Laura Solie and Kathryn Howlett, have already begun to plan some great opportunities for students for next year.  See Upcoming Events. • Join our Linked in Group to receive occasional articles and helpful resources. • Visit our YouTube playlist to see video of recent students. Upcoming Events • MBA Family Business Club Happy Hour, Thursday, August 22, 7:00 • Second Year MBA Welcome Back Lunch, August 26, 12:30-1:45 • Family Business Roundtable Lunch, September 9, 12:30-1:45 • Family Business Roundtable Lunch, October 28, 12:30-1:45 • MBA Family Business Club Read More

FEC’s Steve Miller Publishes Third Family Business Article For India’s Smart Manager Magazine

In his third article in the family business series for Smart Manager, The Art of Letting Go*, Miller focuses on “leadership and ownership from one generation to the next in a family enterprise.” He looks to Ted Wentz (MBA ’08) who successfully started his own business (Firecraft) under the umbrella of his family’s business (Quadratec) to demonstrate how transgenerational entrepreneurship can generate growth and sustainability for a family firm. *First published in and reproduced with permission from The Smart Manager, India’s first world-class management magazine (www.thesmartmanager.com).  

Family Business Student Plans to Rise to the Occasion

Caroline Lindley, BSBA ’14 and 10th generation member of Lindley Mills, Inc, one of the country’s major organic flour distributors and suppliers of King Arthur’s organic flour, reports on the Asheville Bread Festival and how the family business courses at Kenan-Flagler are helping her prepare for life back at the mills…. Before there was a United States of America, there was a Lindley’s Mill, in what today is Graham, North Carolina. In 1755 the mill was established to grind local farmers’ grain into flour for their families and the community. The methods have been updated for electricity instead of water power and our products are distributed nationally, but my father (Joe Lindley, a 9th generation descendant of the original founder), still Read More

Family Business Speaker Sparks Conversation Between Student and Her Father

Marissa Weiss, BSBA ’13, is inspired by class speaker to talk to her father about their family business and plans to construct a board of directors…. On Wednesday, March 27th, Todd E. Schurz from Schurz Communications spoke to our Family Business class. Todd spoke with us about how his family firm has evolved over the past five generations and the importance of having a family agreement and board of directors. Since its founding in 1872, Schurz Communications has adapted to the changing demands of the market. For example, in 1980, segment revenue was made up of 26.6% electronic and 72.8% newspaper. Today, however, it is almost exactly a third newspaper, a third broadcasting, and a third cable. Each generation has taught the current leaders Read More

FEC’s Steve Miller Publishes Second Family Business Article In India’s Smart Manager Magazine

In Steve Miller’s article, New Kids on the Block*, he takes a closer look at America’s largest seller of fine Italian dinnerware, Vietri. Family businesses are susceptible to the pitfalls of poor succession planning but Vietri gets it right by leaving the door open for Lee Frankstone (MBA ’11) to join the company after gaining outside experience and education. Read the full article here. *First published in and reproduced with permission from The Smart Manager, India’s first world-class management magazine (www.thesmartmanager.com).  

Biltmore’s Dini Cecil Pickering Motivates Family Business Students to Plan Family Meetings

Genna Zimmer, BSBA ’14, learns about family meetings from guest speaker in family business class. Dini Cecil Pickering, who is the Vice Chairman of the Board of Directors for the Biltmore Company spoke to our Family Business class on March 20th, 2013. Pickering talked with us about the history of the Biltmore Company, and she also discussed her role as the Family Office Director.  Pickering serves as the leader in planning family meeting and training for future generations. Pickering mentioned that family meetings are  important for all family businesses to have, yet  few family businesses actually have them.  At these family meetings, it is essential to make sure that “fun” is incorporated into the agenda in order to ensure a high Read More