Economic efficiency is being undermined by lazy family CEOs

The French government and society should realise how important the sector is to jobs and growth, says an academic and financier 

And almost half of them are in the fourth generation or more, putting paid to the old adage that three generations is the limit for family ownership. 

In the business press it’s usually all about money. But job-creation and other metrics can and should also be used to measure a business. 

Increasingly policy makers don’t like the short-term ideas of Keynesian economics, but when it comes to the long term they need to learn from and promote family businesses.