STRATEGY
By April Hall
At publicly traded Ford Motor Co. and Nordstrom Inc., the controlling families are pushing for major changes.
Bill Ford, executive chairman of Ford Motor and great-grandson of founder Henry Ford, feels he couldn't get buy-in for innovations so he installed a new CEO who he hopes will carry out his vision.
The Nordstrom family is exploring taking Nordstrom Inc. private as their company contends with disruptive change in the retail sector.
Founding families who try to assert control of public companies generally want to maintain a long-term outlook, says Lloyd Shefsky, founder and co-director of the Center for Family Enterprises at Northwestern University’s Kellogg School of Management.
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