Hidden Challenges within Family Businesses | CNBC Interviews Founder

TIGER 21 Founder and Chairman Michael Sonnenfeldt discusses the difference between first-generation wealth creators and their children, as well as how TIGER 21 Members are handling preserving wealth within their family with CNBC journalist, Eric Rosenbaum, in this article on family business and the unseen emotional challenges in succession planning.

Passing on a business can be like a lead weight around the neck, not in every case, but the general notion that it’s very hard to pass operating companies to the next generation is substantially correct

Michael Sonnenfeldt, TIGER 21 Founder and Chairman