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Allen Harris: Why family business successions fail | Business
The HBO collection “Succession” follows the Roy spouse and children as the young children of the Waystar Royco founder, Logan Roy, fight for his approval and, ultimately, manage above the relatives media conglomerate. Logan is suffering from declining overall health, and his youngsters all feel they should be the heir to the family members business enterprise. But, Logan has no programs on exiting the organization any time before long. Without a specific succession program, Logan leaves his little ones to fight just about every other for command, ultimately hurting the corporation. The failure to employ a succession program can develop a disaster that simmers under the floor for many years,…