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Family Ties and Economic Outcomes
- Strong family ties can create inward-looking communities.
- This can hinder economic growth due to reduced trust in outside institutions.
Family Businesses and Succession
- Family-run businesses often underperform when leadership is passed down to relatives.
- The best person to run a company isn't always a family member.
Anheuser-Busch: A Family Business Legacy
- Anheuser-Busch, a family-run business, was successful for generations.
- August Bush IV, the last family CEO, oversaw the company's sale to InBev.