Cargill: The World's Largest Family Business - Planning for the Business, Planning for the Family

Founded in 1865, Cargill one of the world's largest family businesses but has faced several challenges as it transitions from generation to generation. Business succession is complicated by the involvement of two families; the Cargills and their in-laws the MacMillans. A difficult transition to an in-law in the early 1900s eventually resulted in the Cargills losing control. However, the animosity between the two families focused their attention on building a vision based on shared values of entrepreneurship, fair play and a commitment to long-term family ownership.