Benjamin Persofsky
Executive Director of the BBH Center for Family Business
Brown Brothers Harriman
Benjamin Persofsky joined Brown Brothers Harriman in 2010. He is Executive Director of the BBH Center for Family Business, which counsels some of the largest business-owning families in the world on issues of strategy, governance, succession planning, transition and capital policies. Mr. Persofsky also oversees the Corporate Advisory & Banking team in Philadelphia, which provides strategic advice and helps deliver senior debt, private equity and investment advisory solutions to premier middle-market businesses and their owners in the Mid-Atlantic region.
Mr. Persofsky graduated from Lafayette College with an A.B. in economics and business. He attended the University of Oxford as a visiting student concentrating on research in organizational behavior and developmental economics. Mr. Persofsky serves on the board executive committee of the Philadelphia School Partnership and is a board member of the Delaware Valley Industrial Resource Center.
SESSIONS
Peer Group #4: Shareholder Liquidity/Operating vs Non-Operating Family Members – Speaker
Closed session – preregistered attendees only! Shareholder Liquidity/operating and non-operating family members
Breakout # 9: When Liquidity and Dividends Cause Disagreement – Speaker
When Liquidity and Dividends Cause Disagreement. The four owners of a family business disagreed on how to handle liquidity and dividends. The two owners who were active in the business wanted to reinvest the large majority of liquidity every year in order to grow. However, the two nonactive owners, who were receiving limited dividends, resented this. They worried the active owners would draw a bigger salary as the business grew more profitable.