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by Published on 12-29-2009 03:03 AM
A family business is a business in which one or more members of one or more families have a significant ownership interest and significant commitments toward the business’ overall well-being. In some countries, many of the largest publicly listed firms are family-owned. A firm is said to be family-owned if a person is the controlling shareholder; that is, a person (rather than a state, corporation, management trust, or mutual fund) can garner enough shares to assure at least 20% of the voting rights and the highest percentage of voting rights in comparison to other shareholders.
Family businesses may have owners who are not family members.
...by Published on 11-06-2009 05:00 AM- Categories:
- Business
Welcome to Family Business Chat
This site is dedicated to the value, understanding and effort that goes into creating and thriving in family business. Family businesses are the backbone of most countries. Here is a little primer into the different sections.
1. Home Page: This is the front page of Family Business Chat. From here you can access all the sub sections and see what new news and information is available.
2. Forum: The forum is an area where you can post ...by Published on 12-29-2009 02:58 AM
Mars, Incorporated is a worldwide manufacturer of confectionery, pet food and other food products with US$21 billion in annual sales in 2008, and is ranked as the 6th largest privately-held company in the United States by Forbes.[2] Headquartered in McLean, unincorporated Fairfax County, Virginia, USA,[3][4] the company is entirely owned by the Mars family. Most of its activities in the U.S. are based in Hackettstown, New Jersey, with the Uncle Ben's and the pet food business at the plant in Vernon, California.[citation needed]
The European division is headquartered in Brussels, Belgium, and was known as Masterfoods Europe until the end of 2007. The name Masterfoods originally came from a food business founded by the Lewis family in 1949 in Australia, and acquired by Mars in 1967. The Canadian division (formerly Effem Inc.) is based in Bolton, Ontario.
The company announced at the end of 2007 that all business units were adopting the name Mars. Masterfoods ceased to be a business name but continues as the brand name of food products in Australia.
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