Family: The Compact Among Generations (Bloomberg) - Softcover

Hughes Jr., James E.

Softcover

ISBN 10: 1119086779 ISBN 13: 9781119086772

Publisher: John Wiley & Sons, 2015

Synopsis

Why do some families thrive for generations? What accounts for the sad deterioration that others experience? This book takes families and the professionals who serve them beyond the now widely accepted practices offered in Family Wealth and offers a view of Hughes′s panoramic insights into what makes families flourish and fail. It lays out the basis for the vision of family governance the author has been developing through his work and research. His advice addresses not only what to do but how to think about the complex issues of family governance, growth, and stability and the ongoing challenge of nurturing the happiness of each family member.

About this title

About the Author

James E. "Jay" Hughes Jr., Esq., a sixth-generation counselor-at-law, was the founder of Hughes and Whitaker, a law partnership in New York, where he focused on the representation of private clients throughout the world. Now retired from active practice, he frequently facilitates multigenerational family meetings, with an emphasis on governance issues. He serves on the boards of various private trust companies and is an adviser to numerous investment institutions. Before starting his own practice, Mr. Hughes was a partner of the law firms of Coudert Brothers LLP and Jones, Day, Reavis & Pogue (now Jones Day), both in New York.
Mr. Hughes's articles on family governance and wealth preservation appear in professional journals, and his series of reflections on related issues are featured on his Web site. He is the author of "Family Wealth: Keeping It in the Family," published by Bloomberg Press, and a member of the editorial boards of various professional journals. A widely recognized speaker, Mr. Hughes is frequently called on to address international and domestic symposia on helping families to avoid the fate of the shirtsleeves-to-shirtsleeves proverb and to instead flourish through the growth of their human, intellectual, and financial capital.
Mr. Hughes is an emeritus member of the Board of the Philanthropic Initiative, a counselor to the Family Office Exchange, an emeritus faculty member of the Institute for Private Investors, a retired member of the Board of the Albert and Mary Lasker Foundation, and former adviser to New Ventures in Philanthropy. He is also a member of the Friends of the Institute of Noetic Sciences, a member of the Roundtable of the Hastings Institute, a member of the board of the Spiritual Paths Foundation, and a member of the board of the Rocky Mountain Institute. Educated at the Far Brook School, Mr. Hughes is a graduate of the Pingry School, Princeton University, and the Columbia School of Law.
Readers may contact the author and learn more about his ideas at www.jamesehughes.com.

From the Back Cover

The successor volume and intellectual prequel to Family Wealth

Why do some families thrive for generations? What accounts for the sad deterioration that other families experience? This book builds on the now widely accepted practices offered in Hughes′s signature work Family Wealth and offers families and the professionals who serve them a view of his panoramic insights into what makes families flourish and fail. It lays out the basis for the vision of family governance the author has developed through his work and research. His advice addresses not only what to do but how to think about the complex issues of family governance, growth and stability, and the ongoing challenge of nurturing the happiness of each family member.

"Jay Hughes, the wisest of counselors to successful families, brings a Renais–sance man′s perspective to the most fundamental challenges of family, of wealth, and of continuity. This is the best book ever written for counselors to business families. Thank you, Jay, for sharing your wisdom and passion."
John L. Ward, Principal, The Family Business Consulting Group, Clinical Professor of Family Enterprises, Kellogg School of Management, Northwestern University

"Mr. Hughes brings important new concepts to the forefront. He articulates the role of the second generation as it has never before been addressed pointing out the dual mission forced on all wealth inheritors, the critical issue of trusting others, and the impact of regressing to the mean. This book must be read by all those who find themselves inheriting wealth!"
Sara S. Hamilton, Founder and CEO, Family Office Exchange

"Another groundbreaking book. Hughes provides a broad perspective on how to challenge families to thrive over multiple generations."
Charles W. Collier, Senior Philanthropic Adviser, Harvard University

"Jay has extended his seminal work on preserving family wealth with this tapestry of thought weaving concepts from fields as disparate as physics and philosophy into the experiences he has amassed during his life of service to families to create an extraordinary treatise."
Mary K. Duke, Managing Director, Head of HSBC Private Bank′s, Global Family Wealth Initiative

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2015
• Language: English
• ISBN 10: 1119086779
• ISBN 13: 9781119086772
• Binding: Paperback
• Number of pages: 316