In this episode, Jon Vaughan, former president of Brand Vaughan Lumber Company, reflects on the emotional process of leading his third-generation family business through crisis, growth and, ultimately, sale. This episode also features part 2 of our interview with Deborah Jacob, owner and chairman emeritus of fifth-generation MJS Packaging, who discusses the importance of learning from other family enterprises. And Raffi Amit, the Marie and Joseph Melone Professor and a Professor of Management at the Wharton School, explains how prosperous families succeed through shared values, governance and a culture of entrepreneurship.

Support for this episode comes from Wharton Executive Education. Through world-class faculty and real-world application, Wharton’s Wealth Management and Family Office Programs offer participants a deep dive into the sophisticated financial concepts paramount to family office management. Learn more at whartonfamilywealth.com.

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