Ep. 231 | Insights from the Rockefeller Family Model
The Family Teams Podcast
Jeff Bethke
4.9 • 729 Ratings
🗓️ 24 January 2020
⏱️ 5 minutes
🧾️ Download transcript
Summary
Jeremy and Jeff discuss the Rockefeller family.
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Transcript
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| 0:00.0 | you're doing business together or trying to build assets to steward resources to go on mission. |
| 0:10.3 | What's up guys? Welcome to their five-minute fatherhood. So we love to dive deep into |
| 0:15.2 | multi-generational family lines that seem to be doing well, especially in the fourth, fifth |
| 0:20.1 | generations. |
| 0:21.6 | One of the families that has been seen in American culture as a successful, multi-generational family is the Rockefeller family. |
| 0:29.6 | And recently there was a rare interview done with David Rockefeller Jr., the chairman of the Rockefeller Company. |
| 0:35.6 | And he said some things about his family who's asked, |
| 0:38.3 | like, what are, how have you guys done this over the years? Why is, why are you guys still friends? |
| 0:43.9 | There's, I think, now 250, um, airs of the Rockefeller family from the original Patriarch |
| 0:50.1 | who started that. They were still getting along. There's not been any kind of giant blowups. |
| 0:55.8 | And so they were just asking this interview, tell us a little bit about what happened and what you |
| 1:01.1 | think the secrets of that success has been. He said that family has, his family has developed a |
| 1:06.2 | system of values, traditions, and institutions that have helped the family stay together and |
| 1:10.3 | preserve their wealth. They are useful to any family trying to raise children with good money values, even if you're not wealthy. The family has remained largely united without the public scandals, feuds, lawsuits, and tragedies that typically plague other gilded dynasties there are now over 250 members of the family |
| 1:30.1 | who are direct descendants of john d rockefeller and laura spellman rockefeller and the three secrets |
| 1:36.2 | that that he sort of spelled out here were family meetings family history and family values |
| 1:46.7 | and i thought these are each really, really powerful. He talked about how they work things out in these regular family meetings that they |
| 1:52.8 | have, that they really honor the shared history of the family, and that they have articulated some values that are have been |
| 2:03.8 | passed on generationally that have helped the family really stay together and stay united and |
| 2:09.3 | and make sure that they're honoring the purpose of the legacy of of the upstream generations |
| 2:16.6 | that really built the family. So I thought this |
| 2:19.3 | was a really interesting idea. Another thing they said is they've also, over the generations, |
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