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Texas Patriarch: Rise & Fall of Family Business

Monday, May 2, 2016
7:30 am
- 10:30 am

Private Event
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Venue

Bridgewater Place
Bridgewater Place, 333 Bridge St NW
Grand Rapids, MI 49504 United States
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Texas Patriarch: Rise & Fall of Family Business

Keynote Speaker: Doug Box

Doug Box is a family business consultant, author and public speaker based in Dallas, Texas. He is a frequent presenter at family business forums across the country as well as a guest lecturer at several universities on the topic of family business.
In September of 2014 year he published his first book, Cutter Frisco, Growing up on the Original Southfork Ranch. He is currently working on a more extensive book about his father to be called Texas Patriarch – A Legacy Lost. In 2005 he formed Box Family Advisors and began helping private families with succession planning, corporate governance, dispute resolution and family meetings.

Doug brings personal experience to his understanding of family dynamics. As the youngest of four sons, he grew up and worked in a family enterprise all of his life. The Box Family controlled a number of public and private companies with interests in oil & gas, cement manufacturing and real estate. Following his father’s sudden death and a litigious four-year family ordeal, Doug led the sale of the oil and gas concern known as Box Energy Corp.
Doug attended college at the University of Texas at Austin. He received an MBA with honors at Baylor University in 2004 and a Masters in Dispute Resolution from SMU in 2011. He also holds the Certificate in Family Business Advising from the Family Firm Institute, which he completed in 2011.

 

Take-Aways:

  • Tearing your family apart over money does not create wealth. Seek consensus on the definition of real wealth.
  • Transitioning out of a centralized power base into a collaborative team of siblings is one of the great challenges faced by
    the family enterprise: It often requires the assistance of outside advisors.
  •  Even if an heir is designated as the next generation leader, no sibling can ever have the same credibility in the family as
    the wealth creator, underscoring the importance of collaboration over centralized control.
  •  Given enough time, the family tree will grow to the point where it must be pruned. Though fraught with difficulty, pruning
    the family tree is often essential to survival.

 

 

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