by | Feb 12, 2018 | Blog, Board Governance, Business, Business Advisory, Family Offices
Now that we have a set of goals for all of your direct reports whose goals are directly in support of your goals, it is a matter of monitoring the progress being made each quarter with everyone. Remember, if someone doesn’t achieve their goals, it could mean that you...
by | Jan 8, 2018 | Blog, Business, Business Advisory, Family Offices, Trust
When talking to a business manager/owner who asks for help, there are a few common areas where they tend to seek advice. One of the biggest problem areas involves personnel matters. These can be the most difficult mostly because people are complex, group dynamics can...
by | Nov 14, 2017 | Blog, Business, Trust
Why does Milton S. Hershey specify that the boards of his charitable entities be the same as the board of their common trustee, Hershey Trust Company? Well, in 1909, Mr. Hershey created the Milton Hershey School in Hershey, Pennsylvania. He stipulated that the Hershey...
by | Nov 11, 2017 | Blog, Board Governance, Business, Business Advisory, Family Offices, Trust
The second charitable trust Milton Hershey created was the M. S. Hershey Foundation. He created this trust through an Agreement of Trust in 1935. As usual, he named the Hershey Trust Company as the trustee. Its purpose was, and still is, to provide educational and...
by | Nov 10, 2017 | Blog, Business, Business Advisory, Family Offices, Trust
Mr. Hershey’s third charitable trust was created in 1945, upon his death. His will simply left the residue of his estate in trust for the benefit of the Derry Township (Hershey) Public School District. And as usual, he named the Hershey Trust Company as the trustee...