Only 12% of family businesses stay in the family by the third generation. A Goldman Sachs chairman says optimism is the reason
François-Xavier de Mallmann steers Goldman's relationships with many of the world's largest family-controlled enterprises.
Only around 12% of family-run businesses manage to remain under family control by the third generation, according to a new Goldman Sachs report. This statistic, unveiled in the bank's playbook titled "Honoring Legacy and Positioning for the Future," sheds light on the challenges faced by these enterprises as they transition through successive generations.
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