Episode 1: Buying Out Your Brothers | Can Co-Leadership Work? | Unfinished Plans

In our inaugural episode of Family Business/Business Family, we sit down with Karla Trotman, president and chief executive officer of Electro Soft Inc., the nation's largest Black-owned electronics manufacturing and engineering firm. We discuss how she and her family handled her tricky transition to the top spot, which included the difficult decision to buy out her siblings. We also talk about her new book, “Dark, Dirty, Dangerous: Building the Vibrant Future of Manufacturing.”

Also, Katie Rucker and Jenny Dinnen, second-generation co-presidents of MacKenzie Corporation, drop by to answer an age-old family business question: Can co-leadership actually work?

And Dennis Jaffe, author of the book, “Borrowed From Your Grandchildren: Evolution of 100-Year Family Enterprises” and our newest Family Business Magazine columnist, tells us about a troubling trend he’s noticed recently: families failing to follow through on their estate and succession plans.

This episode is brought to you by Deloitte Private: serving family-owned companies, family offices, and privately-held businesses, and advising them on addressing a range of issues, from growth, talent and succession to the potential and perils of AI.

Interested in being a guest or have a topic you'd like to hear us discuss? Contact host Zack Needles, editor-in-chief of Family Business Magazine, at: zneedles@familybusinessmagazine.com.

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