PricewaterhouseCoopers' Trendsetter Barometer interviewed CEOs of 301 privately held product and service companies identified in the media as the fastest growing U.S. businesses over the last five years. The surveyed companies range in size from approximately $5 million to $150 million in revenue/sales.
NEW YORK, Nov. 16, 2006 (PRIMEZONE) -- Most CEOs of fast-growing private companies ultimately expect to be acquired by another company. However, they place relatively low priority on planning for this significant event, or their own succession. This is even more the case for businesses that are family owned. For these companies, only 47 percent of CEOs have an estate plan that addresses the disposition of the business, and only 22 percent have revised it within the last two to five years, PricewaterhouseCoopers finds.