8. Family Business Dilemmas
• Family
– Happiness
– Wealth transfer & growth
– Togetherness
– Fairness
• Business
– Values
– Meritocracy
– Professionally managed
• Divorce / Spouses / Capital
9. 1. William Carton (1723 – 1790)
2. George Carton (1755 – 1804)
3. Peter Carton (1787 – 1830)
4. Denis Carton (1813 – 1865)
Family
Peter Joseph Carton
(1851 – 1938)
Carton
Bros
Estd. 1775
Joseph Carton
(1842 – 1921)
Thomas Carton
(1844 – 1927) 5
6 Ado Carton *
Vincent Carton
(1894 – 1990) (1888 – 1963)
Fonso Carton
(1885 – 1981)
Thomas Carton
(1897 – 1967)
Leo Carton
(1887 – 1913)
Peter Carton
(1898 – 1936)
Hugh
7
Ruth Brian Ann Myles Garret Mary
Thomas Miriam Enid Helene
8 Vincent Justin
9 Kate Sophie Isabelle Geraldine Chloe Holly Aimee Alanna
10. Succession without a Plan
• Gen 1 to 6
• Gen 7
• Gen 8
– 1979
– Vincent
– 1980’s
– Not happening
– The talk (1998)
• Learning's
11. Family in the Business
a) Family Council & Charter
b) Good Shareholder
c) Summer work
d) Criteria for next gen
e) Skillset
f) Passion
g) Progression plan
h) Choosing the leader
i) Standing on the shoulders of giants
12. Learning's
• Transfer timing – Crisis
• Wealth transfer – what exists
• Who selects the leader ?
• Family engagement
• Non family
• Talk of failures
26. Thank You
Presentation by Tim Lynch
Telephone - 01 7004032
Mobile - 087 0504032
Email - tim.lynch@kpmg.ie
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28. DCU Centre for Family Business
www.dcu.ie/centreforfamilybusiness
Email: familybusiness@dcu.ie
Phone: +353 1 700 6921
Linked In: DCU Centre for Family Business
Quinn Family
Foundation