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Management article
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Reference no. 89511
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1989

Abstract

Paul Ballisarian, owner of Ballisarian Beef, hired Mike Post in the 1960s when his children were too young to enter the business. Mike is an innovator whose contributions have resulted in more than half the business''s profits. Now Mike wants half ownership of his part of the business. Paul''s son, Gregory, would rather see Mike leave than give him part of the business, while Paul''s daughter, Katherine, believes Mike should be made CEO. Five family business experts - John A. Welsh, formerly of Southern Methodist University''s Caruth Institute of Owner- Managed Business and founder of Flow Laboratories; Joseph A. Baute, Markem Corp.; Charles E. "Gus" Whalen, Jr., Warren Featherbone Co.; Wendy C. Handler, Babson College; and Harry Levinson, The Levinson Institute - discuss the issues presented.

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Abstract

Paul Ballisarian, owner of Ballisarian Beef, hired Mike Post in the 1960s when his children were too young to enter the business. Mike is an innovator whose contributions have resulted in more than half the business''s profits. Now Mike wants half ownership of his part of the business. Paul''s son, Gregory, would rather see Mike leave than give him part of the business, while Paul''s daughter, Katherine, believes Mike should be made CEO. Five family business experts - John A. Welsh, formerly of Southern Methodist University''s Caruth Institute of Owner- Managed Business and founder of Flow Laboratories; Joseph A. Baute, Markem Corp.; Charles E. "Gus" Whalen, Jr., Warren Featherbone Co.; Wendy C. Handler, Babson College; and Harry Levinson, The Levinson Institute - discuss the issues presented.

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