Loyola College will kick off a program devoted to solving the special management, succession and training problems faced by family-owned firms tomorrow.
Harsha B. Desai, a Loyola business professor who will head the new Center for Closely Held Firms, said the center is the only one of its kind in the Baltimore-Washington area.
"There are problems of sibling rivalry . . . of how to motivate a son or
daughter who doesn't want to come into the business," or how to deal with children who want to push a parent out of the business, Mr. Desai said.
"Things like this don't happen in public companies," Mr. Desai said.
Enrollment in the center, which will offer seminars and workshops on topics chosen by member companies, will cost $1,500 to $2,000 annually, Mr. Desai said. Loyola College is unveiling the program with a breakfast at the Cross Keys Inn tomorrow.