Love, Trust and Money – Emotional Values and Costs in Family Business

The last few days have been very busy for all of us.

We spent 2 days (Thursday, May 5th and Friday, May 6th) attending lectures at WHU Otto Beisheim School of Management.  The topics relating to family business gave us a fascinating window into the challenges and opportunities that arise out of family business succession.  We were very privileged to hear a very real case presented by Prof. Dr. Sabine Klein and her brother Mr. Hubertus Rau.  The Rau Case – Succession in a Family Business – is their family’s story and it clearly demonstrated how passing a family business from one generation to the next is a complicated and emotional process.

WHU

WHU

Katelyn & Katie-Lynn

Katelyn & Katie-Lynn

Prof. Dr. Sabine Klein and Nella

Prof. Dr. Sabine Klein and Nella

After the lectures were complete, all of the Europe Study Tour group piled into a fabulous old room on the WHU campus for a presentation and wine tasting from the Hans Wirsching family winery.  Andrea Ebert gave us an informative, animated and entertaining overview of her family’s winery and allowed us to enjoy tasting each one as she walked us through the history, process and passion of wine making.

Andrea Ebert presenting her family's wines - Hans Wirsching

Andrea Ebert presenting her family's wines - Hans Wirsching

Wine tasting

Wine tasting

Thai & Bartek

Thai & Bartek

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