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generational wars Archives - David Werdiger

International Burden Shifting

The two sides of public debt: Intergenerational altruism and burden shifting

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A fascinating research article discusses public debt and intergenerational burden shifting. Using laboratory experiments, it seeks to understand how voters make choices about the way public debt should be accumulated in the presence of multiple and/or overlapping generations. The study finds that in the presence of future generations, voters are comfortable with the government loading up with debt in the knowledge that this debt burden will have to be satisfied by future generations. But without…

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A New Vulnerability in Wealthy Families

From Cult to Crisis: A New Vulnerability in Wealthy Families

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The pandemic crisis is forcing the hand of family businesses to address the pace of change in new ways. Every day we must act and even make some tough choices—despite the lack of any reliable information about the best direction to take. Some owners make tough decisions on their own, rather than seeking help from others. Some choose impulsive or blind allegiance pathways. I wrote the following on the Bloomberg press about the Singh brothers…

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Intergenerational Risk & Resilience

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#Intergenerational necessity, vulnerabilities, and resilience are typical factors addressed in determining wealth transition. However, adapting to the changing demands, expectations and opportunities in the disruption via #pandemic will epically force family businesses to rethink their strategies. The immediate need for #workfromhome, revised #familybusiness strategy, #riskassessment, and governance are paramount for pivoting to #nextgeneration and #futureofwork organizations. In the UK, the final report by the Intergenerational Commission speaks in terms of an intergenerational contract – “the principle that…

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How to Avoid the Impact of Social Distancing by David Werdiger

How to Avoid the Impact of #SocialDistancing

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With many people forced into #remotework and/or #shelterinplace, it is essential to understand the impact of the family dynamic on a business. Besides the obvious space and time-management issues, conflict in family business happens differently, therefore must be resolved differently. Disputes within a family don’t escalate suddenly. They are often built on years of relationship sentiment that is latent or suppressed. With the current #pandemic the triggers for those conflicts can easily be fast-tracked and…

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Tips to Avoid Choosing Business over Personal Relationships

Tips to Avoid Choosing Business Over Personal Relationships

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https://youtu.be/VBjOcFtRqNw How many people have put their business life ahead of their spouse or relationship to its great detriment? While we can think of a business as a the living thing, unlike a spouse or a family member, it isn’t a sentient being. It won’t get mad at you if you don’t spend enough time with them. It won’t give you attitude. You can decide what you want the relationship with your business to be…

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Talking about wealth by David Werdiger

Talking About Wealth; Navigating Communication with Heirs

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Most people with wealth to pass on have never talked to their heirs about how they plan to distribute their assets after they die because they consider the information too personal, according to a recent survey. In six out of 10 families, there is no process in place to ensure family wealth decisions are made and communicated effectively (from another survey). This is actually no surprise, because these sorts of discussions are among the most…

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Family Vision, Dubai

Family Vision; Founding Fathers, Rising Generations

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I’ve recently returned from a speaking engagement at a conference in Dubai, which was my first visit there. As I walked around the city and particularly the mall, I pictured “founding father” Sheikh Al Maktoum just a few decades earlier looking out on a desert, and imaging a future that few others could imagine. Creating modern Dubai took a huge amount of money and some outstanding engineering, but the most important ingredient was … vision….

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social media generations by David Werdiger

Social Media Generations – Baby Boomers vs Millennials

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I stumbled across a wonderful article that deals with the intersection of two of my favourite topics: intergenerational issues and the impact of social media on society. It analyses the starkly different ways that Facebook is used by Baby Boomers, as opposed to Millenials. It comes from a web site called The Cheat Sheet, which is “dedicated to providing audiences the information they want in an approachable, entertaining way”. But looking at the content and the…

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Is Your Business Sale-Ready? by David Werdiger; Family Wealth Report - Wealth Briefing

How Sale-Ready Is Your Business? Three Essential Steps

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For a business founder, their ”investment” in the business is multi-dimensional: financial and emotional. Selling the business isn’t just an event, it’s a journey. So argues the author of this article, an author, advisor and figure in the wealth management industry. There is a lot of commentary at the moment about business owners selling and transferring what they have built. It is an emotional and challenging process and the field is littered with stories of…

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OK Boomer, Generation Wars, Next Gen, Succession, Caonflict Resolution, E-Myth, Ageism

Age Discrimination Is Bad — for the Bottom Line – OK Boomer!

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Ageism is the basis for much of today’s social justice activism: Older people are seen as the champions of outdated paternalistic and bigoted notions. ( “OK boomer!”) Have the Baby Boomers ruined the US economy (and the world) for the Millenials? That’s what Bruce Gibney asserts in his book A Generation of Sociopaths: How the Baby Boomers Betrayed America. Gibney lays blame on the Boomers that have; 1) controlled Congress for decades for the huge…

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