Rollins succession in question after filing of lawsuit
In the end, the current family row doesn't necessarily knock him out of leading the company if the…
Georgia (Sep 27, 2010) — In the end, the current family row doesn't necessarily knock him out of leading the company if the family members resolve it, said Joseph Astrachan, executive director of the Cox Family Enterprise Center at the Kennesaw State University's Coles College of Business.
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The company and family have been leading contributors to metro Atlanta civic activities, which suggests they can work it out, said Astrachan, who has counseled other companies that have been family-run for multiple generations.
"It's still a risky situation but their prognosis is still good if the family agrees to work it out," he said. "It would be a shame to let ego get in the way of a multi-generational and important business not just for Atlanta, but for the country."
Some ultimate consensus on leadership is critical since the company is heading into the third generation of family control, he said.
"The generation that has to live with the succession should be the one selecting the leader. If you choose a leader the next generation won't accept, it won't work," Astrachan said.
A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its approximately 41,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the third-largest university in the state. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the region and from 92 countries across the globe. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status, and one of the 50 largest public institutions in the country. For more information, visit kennesaw.edu.