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> There are countless stories of people inheriting things and ruining them because they don't have the acumen of the original creator. There absolutely are. "S
by AlbertCory 3y ago
> There are countless stories of people inheriting things and ruining them because they don't have the acumen of the original creator.
There absolutely are. "Shirtsleeves to shirtsleeves in three generations" is an old saying about how the kids ruin it.
Can you find us some stories of NON-family companies that have lasted more than 200 years? I've looked into this, and there are a couple. But virtually all the very old companies are family-run.
- ajkjk 3y agoThe interesting example would be "multinational conglomerates that are family-run", since obviously the dynamics of a large business are very different from those of a small one.
- AlbertCory 3y ago> The interesting example would be "multinational conglomerates that are family-run" That's begging the question, literally. You're assuming something that guarantees your side of the argument. There is no reason why a company has to become a multinational conglomerate.