One for the road! Keskustelen Klett Gruppen CEO:n David Klettin kanssa. Oppimisen puolella he kilpailevat tosin vain Hollannissa ja Suomessa (Studeo) Sanoma Learningin kanssa.
Kustantamisen verrokki olisi WSOY tai Otava mutta nehän eivät ole listattuja. Lisäksi taseesta löytyy varhaiskasvatusta.
Klettin perheyhtiö + perheen consiglieri-tyyppinen family office pistää generoimansa voitot pääasiassa kasvuun eikä osinkoihin. Kuulosti mainiolta tavalta. Me molemmat kirottiin perintövero tuhoisana systeeminä jatkuvuudelle. Ainakin Suomessa varallisuus on €150,000 per aikuinen jäljessä muita pohjoismaita. Saksassakin kesimääräinen varallisuus ei ole kummoinen, mutta siellä sentään on näitä miljardin Mittelstand-yhtiöitä vieilä.
David Klett Perfecting family business #negotiator 255
Dr. David Klett reveals well-honed system used by 40+ members of the German Klett family to manage the international book publishing, education and childcare company Klett Gruppe.
00:00 Intro: Secret to family office survival, “death” of publishing, love of Kaurismäki movies in Finland
00:50 Why family businesses are very important and why all ownership cannot be institutional
01:24 Klett Gruppe, 127 years publishing, education, kindergartens from Germany
02:02 Internationalisation and growth. Comparison to Sanoma of Finland
03.28 Four to six generations of family company, 40something members from 3 to 86 year old
04.06 Comparison to “asuntosakeyhtiö” apartment ownership structure in Finland, lack of capital in Finland
05:10 The Klett solution to ownership complexity is carefully layered corporate governance
07:30 Silicon chip industry in Asia. Finnish Harry Potter (WSOY) share the Thai artwork (Nanmeebooks)
08:47 Overcoming challenges, “Families are not built to decide stuff”
09:57 The Family Council of 5 takes care of the family
11:56 Board of Directors / Supervisory Board
13:00 Management Board
13:40 Checks for nepotism vs. family ownership education
16:09 Top level executive qualifications are very strict
19:50 Time limits for positions
21:20 Managing the international subsidiaries under four silos
22:07 Paradox of survival. Managing acquisitions and exits. Studeo. SAP’s failed acquisition of Qualtrix of USA
25:30 Selling to Private equity is not for Klett Gruppe which aims for long-term ownership
28:18 Family office does not need to hold financial assets. Living off dividends is not encouraged
30:40 Tackling political risk. Problems of high inheritance tax in Finland
34:00 Finnish pension system replaces private ownership capital
35:05 Good ownership skills are more important than inheriting wealth
36:49 #negotiator insider episode: Kaurismäki movies, high quality chainsaws and the secret ingredient of family office survival
