Heirs and managers

Is there an ideal model for the way to run a company ? The resounding setbacks of companies belonging to the élite of Western capitalism call into question the position of two companies which could aspire to this élitist group, namely the family-run company, and the company listed on the Stock Market and run by a professional manager. According to Arnaud Le Foll and Édouard de Pirey, this position can be explained by the fact that the company has to take risky decisions, which only a good balance between the pressures the company is under and genuine forces of opposition allows it to take efficiently. From that moment on, the dichotomy between family-run and professionally-run companies should give way to a new form of governance within which the alliance between managers and heirs seems to demonstrate a high level of efficiency.