Excerpt from Adam Bellow’s “In Praise of Nepotism” (2003, Anchor Books):

Far from being embarrassed by their nepotistic practices, most family-owned companies call attention to them as a guarantee of stability and quality. According to Yale business professor Ivan Lansberg, family-run companies take a longer strategic view, are more humane employers, and display a strong work ethic; they also “worry a helluva lot more about quality because the bosses name is on the product.”

Excellent book for those of you who care about the topic. He starts with history – natural, social, political, and economic history of nepotism. Spends over half the book discussing specific examples of nepotism’s impact on American history and cultural development.