May 18 and 19, 2018
Friday and Saturday
8:30am - 6:30pm
Please join us for our signature two day seminar. We will have keynote speakers, case studies and discussions regarding succession planning, governance, taxes, real estate and more.
| Time | Name | Location |
|---|---|---|
| 8:30 – 9:00 a.m. | BREAKFAST | C Atrium |
| 9:00 – 9:15 a.m. | WELCOME Alfred E. Osborne, Jr. \ Senior Associate Dean and Professor, UCLA Anderson School of Management Elaine Hagan \ Executive Director, Harold and Pauline Price Center for Entrepreneurship and Innovation |
A202 |
| 9:15 – 9:45 a.m. | THE IMPORTANCE OF FAMILY BUSINESS Jay Steinbeck We support the growth and sustainability of multi-generational family business through experiential learning and networking. |
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| 9:45 – 10:30 a.m. | FAMILY BUSINESS INTRODUCTIONS | - |
| 10:30 – 10:45 a.m. | BREAK | |
| 10:45 – 11:45 a.m. | CASE AND DISCUSSION \ SUCCESSFUL FAMILY TRANSITIONS Nicole Vermeer \ Chair, Vermeer Corporation Family Council Shareholder Governance, Vermeer Corporation Less than one third of family businesses survive the transition from first to second generation ownership. Another 50% don't survive the transition from second to third generation, but the odds are even worse for the third generation. However, careful planning will minimize this risk. Founded in 1943 by Gary Vermeer, Vermeer Corporation has 100 owners and is a manufacturer of industrial and agricultural equipment in over 60 countries. Nicole Vermeer will cover several transition issues: succession from the second generation CEO to third generation CEO; strategies to maximize corporate longevity; and managing the Ownership Council versus the Family Council (shareholder engagement). |
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| 11:45 a.m. – 12:15 p.m | EXPERT PANELS Our experts from AllianceBernstein Investments, Bolton and Company, Business Consulting Resources, City National Bank and KPMP answer your questions. |
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| 12:15 – 1:15 p.m. | LUNCH | C Atrium |
| 1:15 – 2:30 p.m. | KEYNOTE \ ADAPTION IS ESSENTIAL Marc Canter \ Owner of Canter's Deli Alex Canter \ Owner of Canter's Deli and Founder & CEO, Ordermark, OrderMark Moderated by Alfred E. Osborne, Jr. \ Senior Associate Dean and Professor, UCLA Anderson School of Management Canter's Deli was started by Alex Canter's great-grandfather in 1931. Alex's father, Marc has been the backbone of the restaurant for the last 35+ years. On call 24/7, Marc has ensured that the deli has survived through many ups and downs. In the past few years, many delis have shut down, but Canters has thrived by adapting new technology. Alex, who started waiting tables when he was fourteen, looked into upgrading certain aspects of the business including menu redesigns, new point of sale systems, and a mobile-friendly website. Canter's was managing twelve different online ordering platform services, each requiring its own tablet and/or printer, so he founded Ordermark, to provide online ordering management for restaurants to optimize their online ordering potential and increase sales by consolidating all of their online orders to one device. |
A202 |
| 2:30 – 5:30 p.m. | DISCUSSION \ TAX PLANNING Gonzalo Freixes \ Adjunct Professor of Accounting At the end of last year, the Tax Cuts and Jobs Act of 2017 was signed into law. The Act made significant changes to U.S. taxation of individuals, corporations, small businesses, real estate investors, estates and international transactions. Among the changes were increases to the federal estate, gift, and generation-skipping transfer tax exemption amounts. What does this all mean to family business owners? This session will provide an overview of the changes to the tax laws and provide helpful answers that may shape your future tax planning strategies. |
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| 2:45 – 3:00 p.m. | BREAK | - |
| 5:30 – 6:30 p.m. | RECEPTION | C Atrium |
| Time | Name | Location |
|---|---|---|
| 8:30 – 9:00 a.m. | BREAKFAST | C Atrium |
| 9:00 – 10:45 a.m. | DISCUSSION \ FAMILY BUSINESS Alfred E. Osborne, Jr. \ Senior Associate Dean and Professor, UCLA Anderson School of Management |
C301 |
| 10:45 – 11:00 a.m. | BREAK | - |
| 11:00 – 11:30 a.m. | EXPERT PANELS Our experts from AllianceBernstein Investments, Bolton and Company, Business Consulting Resources, City National Bank and KPMP answer your questions. |
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| 11:30 – 12:30 p.m. | DISCUSSION \ UPDATE ON THE REAL ESTATE MARKET Eric Sussman \ Adjunct Professor of Accounting Family-owned businesses can be strongly impacted by real estate because it is the most valuable asset being passed down through generations. Professor Sussman will cover current trends and regulations that affect the market and discuss if we've hit the top of the market. |
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| 12:30 – 1:30 p.m. | LUNCH | C Atrium |
| 1:30 – 2:45 p.m | KEYNOTE \ CREATING A BETTER FUTURE Rod Roddenberry, Roddenberry Enterprises Moderated by Holly Han Growing up, Roddenberry was not not familiar with Star Trek; he had never watched it. After his father died, Rod began to explore Star Trek and produced Trek Nation, a documentary that chronicles his 10-year journey to explore his father's famous creation and how it affected others. The film led him to embrace the vision his father had for the future, and he created the Roddenberry Foundation in 2010. The Roddenberry Foundation built on his father's legacy and philosophy of inclusion, diversity, and respect for life to drive social change and meaningfully improve the lives of people around the world. |
Haines 118 |
| 2:45 – 3:00 p.m. | BREAK | - |
| 3:00 – 5:00 p.m. | DISCUSSION AND ROLE PLAY \ RESOLVING DISPUTES AND DIFFUSING CONFLICTS Miguel Unzueta \ Associate Professor of Management and Organizations Resolving conflict within a family is very complex because the members have had a lifetime of interacting with one another, and their differences may have defined their interactions for years. A framework for diffusing conflicts will be discussed and used to analyze the role play and other workplace conflicts that may carry over to the home. In this interactive session, participants will role play a business dispute. Participants will learn to proactively approach conflict and resolve disputes. Disagreements can be frequent within a family business, but they should be addressed proactively. |
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| 5:00 – 5:30 p.m. | CLOSING \ NEXT STEPS FOR THE FAMILY Alfred E. Osborne, Jr. \ Senior Associate Dean and Professor, UCLA Anderson School of Management |
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| 5:30 – 6:30 p.m. | RECEPTION | C Atrium |
The tuition is $495 for admitted participants.
The tuition is $249 for admitted UCLA academics and staff.
This special rate is made possible by the Steinbeck Family Business Endowment and program sponsors: Bolton & Company, Business Consulting Resources, City National Bank and KPMG.
We welcome your questions. Please email holly.han@anderson.ucla.edu or call (310) 825-6368.
Presented by the UCLA Price Center in association with the Steinbeck Family Business endowment and sponsors.
The Steinbeck Family Business Seminar has been made possible through the generous support of Jay Steinbeck and our sponsors, Bolton & Company, Business Consulting Resources, City National Bank and KPMG.
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