A Goldman Sachs report indicates that only about 12% of family businesses remain under family control by the third generation. François-Xavier de Mallmann, chairman of Goldman Sachs EMEA, suggests that while many businesses don't necessarily fail, the complexity of diverging family and business interests, along with varying member priorities, makes maintaining control challenging. He notes that sometimes ceding control or changing ownership structures is necessary to protect long-term enterprise value. AI
RANK_REASON The article discusses a report and interviews an executive about industry trends, rather than announcing a new product or event.
- Asset & Wealth Management
- François-Xavier de Mallmann
- Global Banking & Markets
- Goldman Sachs
- Goldman Sachs EMEA
- investment banking
- private banking
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