Driven dynasties: Family companies profit from taking the long view

Europe's privately owned companies are proving to be some of the most resilient around in the face of the current credit crunch and ensuing global economic slowdown. Family businesses have increased their revenues twice as fast as publicly owned groups since 2004, according to the Wittener Institute. Gregor Matthies, a partner at Bain & Company, states "Most family businesses are solidly financed, have deep pockets [and] a good rating and they can act quickly."