Beating the Odds and Building a 4th Generation Business with Scott Felsenthal Driven By with Sam Coates

My guest today is Scott Felsenthal. I wanted to have Scott on this podcast because he and his family are obviously doing something right. Only 3% of companies make it to the 4th generation, and their company Whitmor is one of them. Scott is the CEO of Whitmor, and it's a privilege to have him on this podcast. Whitmor started in Brooklyn, New York, in 1946; over 75 years later, it is running strong. This is a great story that goes deep into this family's history of: Evolving from a manufacturer to an importer when Walmart changed the game, they, like many others, had to stay alive. Choosing not to take private equity to preserve their control for future generations of their family Building a company that connects the story of what they do to its own people to navigate the great resignation among the workforce  Strategic acquisitions that continue to position the company in a strong position Plus much more! Please enjoy this episode with Scott Felsenthal!   Scott Felsenthal- https://www.linkedin.com/in/scottfelsenthal/ Make it to 4th generation- https://www.johnson.cornell.edu/smith-family-business-initiative-at-cornell/resources/family-business-facts/#:~:text=About%2040%25%20of%20U.S.%20family%2Downed%20businesses%20turn%20into%20second,Businessweek.com%2C%202010). Whitmor: https://whitmor.com/ Great resignation: https://fortune.com/2022/07/21/great-resignation-40-percent-want-to-quit-where-are-they-going/