Bombardier’s founding family holds tight as company’s fortunes shift

Bombardier Inc.’s founding family now has more of its wealth tied to legacy snowmobile company BRP Inc. than to the global plane and train manufacturer, a curious situation caused by Bombardier’s spectacular stock collapse this year. 

... “Families at their best take a long-term, patient view of what’s going on with their businesses and can hang in there despite what critics say,” said Karl Moore, a corporate leadership and strategy specialist at McGill University. “But sometimes it doesn’t work out. Canada and the U.S. are littered with firms whose [founding families] didn’t let go.”

Read full article: BNN, October 19, 2015