Word: dealing
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Dates: during 2000-2000
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Ehud Barak and Yasser Arafat started their Camp David with a jocular scuffle to be last into the room with President Clinton; now they're jockeying to be the first to leave in a huff. After all, if you can't bring home a peace deal, then a little righteous indignation helps you look tough back home in the district. Leaks from the delegations suggest Arafat has twice gestured toward the door, ordering his aides to pack their bags on Saturday night and trying to phone U.N. Secretary General Kofi Annan early Tuesday to tell him the talks had failed...
...having come of age in a time of unprecedented prosperity, I don't deal well with uncertainty. Three years ago, I happily invested in the stock market; I had absolutely no idea what I was doing, but everyone was babbling about bulls and IPOs and so I thought, what the heck. And now that I've arranged to have money automatically transferred to a mutual fund from my checking account each month (which sounds easy but is actually the result of a stunningly complicated process) and I have no idea how to stop them from taking the money, it looks...
...with a 10-year note, and the rest came through a one-time gifting of $600,000 from each parent after a company valuation. Karen Caplan, who has been working in the business since high school, has 55% ownership, and her sister has the rest. "We got a great deal, and we knew our parents would be well taken care of this way," says Caplan, whose 77-year-old mother still holds the title of chairwoman and comes to the business five days a week...
...cases, partnership agreements can be drawn up between family members. That was how Bruce Carlow, 54, took over Trio Hardware, a store his father Bernie started in 1963 in Plainview, N.Y. With 15 full- and part-time employees, Trio Hardware currently generates $1.2 million a year in revenues. The deal prevented the elder Carlow from selling the store out from under his son, by giving Bruce the right of first refusal should a sale be contemplated. In return, Bruce agreed to pay his father $2,500 a month plus 7% interest over a 10-year period and to retain...
...today's business culture, such taboos are disappearing fast. Members of family businesses are increasingly--and openly--using consultants trained as psychotherapists to deal with the complex emotional and psychological problems associated with succession. While there are no statistics on how many family businesses are seeking such help, psychologist Lee Hausner, founder of Glendale, Calif.-based consulting firm Doud/Hausner, has in recent years noted "an enormous recognition of soft, that is, interpersonal, family issues." When she asks clients to list 25 issues of importance to them, "about 20 are soft, like sibling rivalry"--issues that are beyond the expertise...