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Frank Coleman, in his own words.
Entrepreneurial Culture
“Inventiveness and innovation is key to surviving a second, third, fourth generation. One of my biggest fears is that we will drift away from our entrepreneurial drive. That’s why I attempt to recreate our business all the time, to destroy it, beat it up and change it.”
On Managing Family
“I’ve been really, really careful about putting family members in roles that match their skills and abilities. I’ve never had to fire a family member, though I have had some tough discussions with some family members and encouraged them to consider alternate arrangements.”
Achieving Balance
“I’ve never allowed the accountants to bring me a financial report or a piece of bad news that didn’t absolutely rank as a priority, an emergency, on a Friday. It always had to be a Monday. Monday, if it wasn’t an absolute disaster that required emergency corrective surgery, then you had your weekend with your family.”
Succession
“I feel confident about the future of this company. We have some very ambitious and capable people, both Colemans and non-Colemans. But I’m not retiring any time soon. I’m having too much fun.”