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Your Family's 100 Year Plan: Part One: The First and Second Generations
Wrestling for Control of the Business
12/01/2004

The chasm in expectations and experience  that often separates a powerful, dynamic wealth creator from his or her children can make family business succession a perilous battle of wills. Entrepreneurs who refuse to step aside and their children, who wait for the opportunity to prove themselves at the helm, may find themselves locked in an internecine, intergenerational rivalry. Without careful consideration and planning, both parent and children—and of course, the business itself—may suffer grievous harm as a result.

Photograph by Robert Sebree.

Additonal Information
  Telling Tales
  Separation Anxiety
  Behind a Behemoth 
  An Eccentric Succession: Conversations with the Cakebreads

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Related Articles
» Separation Anxiety
» Behind a Behemoth
» Fractured Finances
» The Prodigal Philosopher
» Clashing Cousins
 
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