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Date: Mar 22, 2010
All in the Family: The Risk and Rewards of Running a Family-owned Business
Strategies to overcome the adversities and optimize the advantagesHofstra University, Hempstead, NY – The Frank G. Zarb School of Business will host a "Does it pay to be in a family business?" roundtable discussion on Wednesday, March 24, 2010 from 4:30 to 6 pm at the Sondra and David S. Mack Student Center Theater, North Campus.
Guest speakers Helene Fortunoff, Kenneth Brodlieb and Dave McQueary will share their personal experiences and discuss how to overcome some of the challenges that family business owners encounter. Discussion topics include how to pass on the attributes that contributed to the success of the family business, how to structure job responsibilities among family members and what to do when key family members don't want to stay in the business. Norman Goldberg, who teaches a continuing education course at Hofstra about running at family business, will act as moderator.
"It is important for us to offer business students a balance of academic lecture and presentations from practitioners so they better understand what it takes to apply their analytical skills to real-world experiences. Having the opportunity to interact with individuals who have first-hand knowledge of what it takes to run a successful business is invaluable for our students," said Zarb School Dean Salvatore F. Sodano.
Helene Fortunoff, president emeritus of the retail conglomerate Fortunoff, won a number of prestigious awards while shattering the traditional dominance of men in the jewelry industry. Mrs. Fortunoff was the first recipient of both the National Jewelers Award for retailing excellence and the Morris B. Zale Award for retailing excellence. She's received the American Gem Society's 2001 Triple Zero Award and was appointed chairwoman of the Gemological Institute of America's board of governors.
Kenneth Brodlieb serves as chairman of East Hills Chrysler Jeep Dodge, Inc.; managing partner of Tee to Green Pro Services Inc., a golf management company; and managing partner of Tee to Green at Sunken Meadow.
David McQueary is the former president of McQueary Brothers, a family-owned and operated pharmaceutical distribution company that was in business for eighty-four years before being sold in 2008.
Norman Goldberg has held senior positions with The Wiz, Cablevision, Fortunoff, Christian Dior, USA, Bloomingdales and Diane Von Furstenberg. He has also served as an advisor to a number of families who face daily conflicts trying to maintain and grow a successful business without disrupting personal and work relationships among family members. For more information about his family business course visit: hofstra.edu/ccepa.
This event is free and open to the public. For additional information please call 516-463-7146.
About the Frank G. Zarb School of Business
The Frank G. Zarb School of Business at Hofstra University believes that the best business education provides students with a sound knowledge of their field combined with a broad, well-rounded program of study guided by an experienced faculty committed to excellence. Recognized by The Princeton Review, BusinessWeek, U.S. News and World Report and Forbes Magazine as being among the top graduate and undergraduate business programs in the country the Zarb School continues to provide its students will a solid educational background that prepares them to excel in their chosen field.
About Hofstra University
Hofstra University is a dynamic private institution where students can choose from more than 150 undergraduate and 160 graduate programs in liberal arts and sciences; business; engineering; communication; education, health and human services; and honors studies, as well as a School of Law. With a student-faculty ratio of 14-to-1, our professors teach small classes averaging 22 students that emphasize interaction, critical thinking and analysis. Hofstra offers a faculty whose highest priority is teaching excellence. The University also provides excellent facilities with state-of-the-art technology, extensive library resources and internship programs that match students’ interests and abilities with appropriate companies and organizations. The Hofstra community is driven, dynamic and energetic, helping students find and focus their strengths to prepare them for a successful future.