Wright, Lori

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UNH Scholars' Repository

University of New HampshireUniversity of New Hampshire Scholars' RepositoryMedia Relations Administrative Offices11-5-2007Compensation For Family Members Is Focus OfNext UNH Center For Family Business EventLori WrightUNH Media RelationsFollow this and additional works at: https://scholars.unh.edu/newsThis News Article is brought to you for free and open access by the Administrative Offices at University of New Hampshire Scholars' Repository. It hasbeen accepted for inclusion in Media Relations by an authorized administrator of University of New Hampshire Scholars' Repository. For moreinformation, please contact nicole.hentz@unh.edu.Recommended CitationWright, Lori, "Compensation For Family Members Is Focus Of Next UNH Center For Family Business Event" (2007). UNH Today.826.https://scholars.unh.edu/news/8269/11/17, 2(20 PMCompensation for Family Members is Focus of Next UNH Center For Family Business EventPage 1 of 2http://www.unh.edu/delete/news/cj_nr/2007/nov/lw05family.cfm.html Compensation For Family Members Is Focus Of NextUNH Center For Family Business EventContact:  Lori Wright 603-862-0574UNH Media RelationsNovember 5, 2007DURHAM, N.H. – Compensating family members of a family business can be a source ofconflict, miscommunication and misunderstanding, with compensation for members of thesame generation often being the source of many problems.The University of New Hampshire Center for Family Business will tackle this sensitive issue atits next business event. “Solving the Hardest Compensation Dilemma: What Should FamilyMembers Be Paid?” will be held Wednesday, Nov. 14, 2007, at The Yard Restaurant,Manchester. The event begins at 8 a.m. Lunch is included.Topics to be covered include:• How to determine proper compensation for family members.• How to do evaluations of family members.• Methods for deferring compensation.• Knowing when to bring in nonfamily managers.• Incentives for family and nonfamily including phantom stock, bonuses, and perks.Presenters are Thomas Davidow, founder of Thomas Davidow Associates and GenusResources; Harvey Widger, principal of Fulcrum Resource Group; and Robert Ravenelle, acertified public accountant who heads the federal tax practice group at Pierce Atwood LLP.Davidow created a methodology to address family issues that typically interfere with soundbusiness decision making. He is often asked to assist families with the sensitive issue ofcompensation. Widger specializes in working with owners of businesses to help them recruit,hire, and structure compensation plans for family and nonfamily that are fair and motivateperformance. Ravenelle regularly assists family businesses with succession planning, includingthe use of deferred compensation as a tool to effect transfers of ownership.RSVP to Barbara Draper at 603-862-1107, or barbara.draper@unh.edu. The program is free tomembers. There is a special one-time nonmember registration fee $99 per person, $250 perfamily. Make checks payable to UNH. Send registration to the Center for Family Business,University of New Hampshire, 6 Garrison Lane Verrette House, Durham, NH 03824The center, under the UNH Whittemore School of Business and Economics and the UNHGraduate School, is sponsored by Mass Mutual Financial Group, Thomas Davidow Associates,9/11/17, 2(20 PMCompensation for Family Members is Focus of Next UNH Center For Family Business EventPage 2 of 2http://www.unh.edu/delete/news/cj_nr/2007/nov/lw05family.cfm.htmlBaker Newman & Noyes, Pierce Atwood, MPI Management Planning, Inc., and Ocean Bank. Itis a membership program to provide owners and managers of entrepreneurial businesses withan opportunity to exchange ideas and information and to discuss business challenges,concerns, and solutions.

Compensation For Family Members Is Focus Of Next UNH Center For Family Business Event

University of New Hampshire

University of New Hampshire
University of New Hampshire Scholars' Repository
Media Relations Administrative Offices
11-5-2007
Compensation For Family Members Is Focus Of
Next UNH Center For Family Business Event
Lori Wright
UNH Media Relations
Follow this and additional works at: https://scholars.unh.edu/news
This News Article is brought to you for free and open access by the Administrative Offices at University of New Hampshire Scholars' Repository. It has
been accepted for inclusion in Media Relations by an authorized administrator of University of New Hampshire Scholars' Repository. For more
information, please contact nicole.hentz@unh.edu.
Recommended Citation
Wright, Lori, "Compensation For Family Members Is Focus Of Next UNH Center For Family Business Event" (2007). UNH Today.
826.
https://scholars.unh.edu/news/826
9/11/17, 2(20 PMCompensation for Family Members is Focus of Next UNH Center For Family Business Event
Page 1 of 2http://www.unh.edu/delete/news/cj_nr/2007/nov/lw05family.cfm.html
 
Compensation For Family Members Is Focus Of Next
UNH Center For Family Business Event
Contact:  Lori Wright 
603-862-0574
UNH Media Relations
November 5, 2007
DURHAM, N.H. – Compensating family members of a family business can be a source of
conflict, miscommunication and misunderstanding, with compensation for members of the
same generation often being the source of many problems.
The University of New Hampshire Center for Family Business will tackle this sensitive issue at
its next business event. “Solving the Hardest Compensation Dilemma: What Should Family
Members Be Paid?” will be held Wednesday, Nov. 14, 2007, at The Yard Restaurant,
Manchester. The event begins at 8 a.m. Lunch is included.
Topics to be covered include:
• How to determine proper compensation for family members.
• How to do evaluations of family members.
• Methods for deferring compensation.
• Knowing when to bring in nonfamily managers.
• Incentives for family and nonfamily including phantom stock, bonuses, and perks.
Presenters are Thomas Davidow, founder of Thomas Davidow Associates and Genus
Resources; Harvey Widger, principal of Fulcrum Resource Group; and Robert Ravenelle, a
certified public accountant who heads the federal tax practice group at Pierce Atwood LLP.
Davidow created a methodology to address family issues that typically interfere with sound
business decision making. He is often asked to assist families with the sensitive issue of
compensation. Widger specializes in working with owners of businesses to help them recruit,
hire, and structure compensation plans for family and nonfamily that are fair and motivate
performance. Ravenelle regularly assists family businesses with succession planning, including
the use of deferred compensation as a tool to effect transfers of ownership.
RSVP to Barbara Draper at 603-862-1107, or barbara.draper@unh.edu. The program is free to
members. There is a special one-time nonmember registration fee $99 per person, $250 per
family. Make checks payable to UNH. Send registration to the Center for Family Business,
University of New Hampshire, 6 Garrison Lane Verrette House, Durham, NH 03824
The center, under the UNH Whittemore School of Business and Economics and the UNH
Graduate School, is sponsored by Mass Mutual Financial Group, Thomas Davidow Associates,
9/11/17, 2(20 PMCompensation for Family Members is Focus of Next UNH Center For Family Business Event
Page 2 of 2http://www.unh.edu/delete/news/cj_nr/2007/nov/lw05family.cfm.html
Baker Newman & Noyes, Pierce Atwood, MPI Management Planning, Inc., and Ocean Bank. It
is a membership program to provide owners and managers of entrepreneurial businesses with
an opportunity to exchange ideas and information and to discuss business challenges,
concerns, and solutions.


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Compensation For Family Members Is Focus Of Next UNH Center For Family Business Event

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