finance.yahoo.com Market update
Only 12% of family businesses stay in the family by the third generation. A Goldman Sachs chairman says optimism is the reason
Only about 12% of family-owned businesses make it to a third generation still under family control, according to a new Goldman Sachs playbook aimed at the founders and dynasties the bank counts among its most prized clients. It's a statistic Goldman itself put in print in "Honoring Legacy and Positioning for the Future," a paper shaped by senior …