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Radio Show #420: What can public companies learn from family-owned businesses?
6 December |5:30 pm - 6:00 pm GMT
Special Guest: Charlie Bailes, VP of Human Resources and Internal Distribution of ABC Fine Wine & Spirits
Charles Bailes IV is a 4th generation family member and a top executive running a 9-figure family-owned business. As VP of Human Resources and Internal Distribution of ABC Fine Wine & Spirits, he oversees 126 stores in Florida and over 1,600 employees. He is a husband, a dad of 3, an executive, an entrepreneur, a CrossFitter, a health nut and a lover of going to bed at 8PM – all in that order. He loves meeting new people and having meaningful conversations. His main goal is to inspire others to act to help themselves.
Public companies always have to act with shareholders’ interests in mind – which can lead to shorter term thinking from a quarter by quarter timeframe. On the other hand, executives from family-owned businesses, are concerned about building a legacy and a lasting business for the next generation – this makes them more invested and committed to the company’s success. So how can public companies adopt this legacy building approach whilst still keeping their shareholders happy? Charlie can share the exact strategies that executives from large public companies can apply in 2021 and beyond.
Join us as we discuss what public companies can learn from family-owned businesses.