TY - BOOK AU - Le Foll,Arnaud AU - de Pirey,Édouard AU - Bon,Michel AU - Soupre,Emmanuel TI - Heirs and Managers PY - 2004///. N1 - 31 N2 - Is there an ideal model for the way to run a company? The resounding setbacks of companies belonging to the élite of Western capitalism call into question the position of two companies which could aspire to this élitist group, namely the family-run company, and the company listed on the Stock Market and run by a professional manager. According to Arnaud Le Foll and Édouard de Pirey, this position can be explained by the fact that the company has to take risky decisions, which only a good balance between the pressures the company is under and genuine forces of opposition allows it to take efficiently. From that moment on, the dichotomy between family-run and professionally-run companies should give way to a new form of governance within which the alliance between managers and heirs seems to demonstrate a high level of efficiency UR - https://shs.cairn.info/journal-de-l-ecole-de-paris-du-management-2004-5-page-7?lang=en ER -