11 P.M. (CUNY) THE STOLER REPORT "Third & Fourth Generation Businesses: Growing & Thriving" explores the danger — or, in some cases, the lack of it — in working with relatives.
Mr. Clapper's sentiment is consistent with those of many second-generation business owners, according to Thomas William Deans, a third-generation business owner and author of "Every Family's Business: 12 Common Sense Questions to Protect Your Wealth".
For another sweet (or savory) choice, wander into the Poseidon Bakery, 629 Ninth Avenue, (212) 757-6173, a fourth-generation business.
Yet many first-generation business people know that the odds are against giving their children a chance to carry on the family trade.
In its report on high-net-worth business owners, U.S. Trust said 95 percent of the baby boomers surveyed were first-generation business owners, but just three-quarters of younger business owners were the first in their families.
The Lido Kosher Deli is a second-generation business, with a family-owned kosher meat factory in the Bronx that has been supplying the restaurant for nearly 30 years.
ADI GODREJ India $1 billion Age: 57 The eldest of a third-generation business family whose Godrej diversified consumer products company is a household name in India.
At its heart, the issue was how the family would move into its third generation of business leadership, and the aspersions each man cast on the other's son were harsh.
Not an easy task either for a lady who was running, alongside her father, sister and brother a third generation family business.
They are the third generation of a business that started in 1946.
