After retiring, Gallant joined the boards of two other family businesses and enjoyed contributing to their success. Gallant, on the other hand, had spent time researching opportunities prior to stepping down as CEO. His son had expanded Goofus Enterprises into new markets and grown revenues, but Goofus began visiting the office and second-guessing Goofus Jr.’s decisions. Four years after Goofus retired as chairman and CEO, he became bored with golf and unhappy with what he perceived as his loss of status.When the family updated its buy-sell agreement, all adult shareholders participated in webinars that explained valuation fundamentals. Gallant’s family, meanwhile, formed a family council and engaged an adviser to lead educational programming at the family’s annual meetings. When Goofus’s sister wanted to sell her stake in the business, she didn’t understand why her shares were subject to a minority discount.
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Though they received financial information about the company, they never learned how to interpret the reports. Goofus’s siblings owned shares in the family business but didn’t work there.Everyone can learn from the contrasting actions of these two characters - including family business owners. When Myers and his wife, Caroline, founded Highlights, they moved “Goofus and Gallant” to that publication.Īll Highlights fans know Goofus always does the wrong thing, while Gallant’s actions are reliably noble. The comic, which was created by Garry Cleveland Myers and debuted in 1940, originally appeared in Children’s Activities. One unforgettable feature of Highlights is the comic strip “Goofus and Gallant,” which actually predates the founding of the magazine. Many of us were subscribers as children, and enjoyment of the magazine, which turns 74 this year, has been passed down through the generations in our families. Senior editor April Hall and our whole team at Family Business have been very excited about April’s profile of Highlights for Children Inc.
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