Poll: Wealthy worry if their kids are spoiled

NATION

Poll: Wealthy worry
if their kids are spoiled

NEW YORK — What keeps the richest among us awake at night? According to a new survey, more than just whether to buy that second Bentley.

About half of wealthy business owners fret that their success has spoiled their children, and only 26 percent expect the next generation to join the family business, according to a survey by SunTrust Bank Private Wealth Management.

Hand-wringing among the well-to-do also includes the fate of their fortunes. Protecting and building wealth were cited as top concerns, as was transitioning wealth to the next generation.

The nonscientific online survey included more than 200 owners of businesses with at least $10 million in annual revenue.

Colleges add programs
in entrepreneurship

NEW YORK — Colleges and universities across the nation are increasingly offering programs in entrepreneurship, and the cream of the crop increasingly are including hands-on experience, according to recent rankings by Entrepreneur magazine and The Princeton Review.

Along with academics, the ranking criteria included hands-on work outside the classroom, access to entrepreneurial experts such as faculty and alumni, and relationships with the local business community, said Robert Franek of The Princeton Review.

Topping the list for undergraduate schools was Babson College in Massachusetts, followed by the University of Houston, Philadelphia’s Drexel University, the University of Arizona and the University of Dayton.

Associated Press