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September 21, 2005

All Business: Investors wise to look carefully at family businesses

  • Many are very successful, but they come with troubles that you don't find everywhere else.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — News Corp. has the Murdochs. Viacom Inc. has the Redstones. Wal-Mart Stores Inc. has the Waltons. Family businesses and those who control or run them are among the most prominent names in corporate America.

    Even if the founders are long gone, their descendants often have a heavy hand in how these businesses operate, and many are very successful at what they do. When looking at the returns of family-owned companies versus the overall market, their stocks significantly outperform, in part because their leadership tends to be more stable than most and the companies largely embrace a longer-term approach to growth.


     
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