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Tuesday Mar 19, 2024
Succession planning can pose many different challenges. Today our panelists will discuss figuring out how the next generation comes up with the proceeds to buy out the leading gen sellers. A cash balance plan can help solve that problem by contributing business revenue to pre-tax cash balance accounts, most of which benefit the leading gen, but to some extent benefiting other employees, too. The liability reduces the value of the business and thus cash and loan proceeds buyers need to come up with. The sellers, while receiving a lower purchase price, make up for that by receiving payments from their cash balance accounts, which also could be rolled over to an IRA. In that way, the cash balance plan benefits the buyers and sellers. We will discuss in more detail how this strategy works and which companies would be good candidates for this strategy.
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Categories: CCFB Webinar
Wednesday Apr 3, 2024
Validating data sources, using data & technology to your advantage, incorporating multiple sources, and adapting to your organization’s compensation strategy are just a few of the challenges facing companies. Add to that, candidates, employees, managers, job boards, and leaders adjusting to new pay transparency expectations and regulations, and you find compensation rising up the ladder of importance in most businesses.
Join Jim Morgan, Vice President, Business Development & Workforce Strategies at MRA as he reviews MRA’s 2023 Compensation Trends survey results. Jim will share the top comp trends that will help you attract & retain the high-quality talent you need, while navigating the complex compensation environment today.
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Categories: CCFB Webinar
Monday Apr 15, 2024
The Kentucky Derby and the Family Business featuring Hall of Fame Jockey – Chris McCarron
The flag is up for the 150th running of the Kentucky Derby on May 4, 2024. Join us for the behind-the-scenes look at The Greatest Two Minutes in Sports on April 15.
Moderator Jill Hofmans, Executive Director of Conway Center for Family Business, grew up at Santa Anita Park and shares stories of the famous and infamous. Panelists include legendary, Hall of Fame Jockey Chris McCarron winner of 7,141 races, six Triple Crown races, and $264 million in purse money, the Superintendent of Stalls at Santa Anita Racetrack, Jeff Metz and his daughter Zoe Metz, and one of the best female handicappers in America, Ellen Patrick Leavell.
We are collaborating with NxtGen Nexus and other family business centers on this program.
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Categories: CCFB Webinar
