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Family business and pay

April 4, 2013

Thomas Minder runs a third-generation Swiss family business making herbal toothpaste – his commitment to the family business is admirable, but he is more likely to be remembered for starting a revolt against excessive executive pay.

Thomas Minder runs a third-generation Swiss family business that makes herbal toothpaste. Although Minder’s achievements in nurturing the family business are admirable, to the wider public he’s likely to be known for something a bit more important.

Minder has started a revolt against the excesses of executive pay in Switzerland that might be one of the biggest revolutions to happen in the area in the past few decades.

Cheques & Balances

September 6, 2010

Paul Golden analyses the best compensation strategies for senior family office staff

With opinion divided on the extent of bonuses – and the merits of long-term retention – it is easy to see why there is nothing approaching a standard model for family office remuneration.

Spungen family splurges bonuses on lucky employees

December 4, 2008

A family-owned American bearing company has lived up to its reputation as a business that treats its staff like family by giving them five-figure bonuses.

A family-owned American bearing company has lived up to its reputation as a business that treats its staff like family by giving them five-figure bonuses.

Illinois-based PEER Bearing Company has distributed $6.6 million in bonuses to its 230 US and British employees. The Spungen family sold the business to Sweden’s SKF Group earlier this year.