Originally Posted by
DougG
Also brought out was how difficult it is for a 100% family-owned business to succeed for many generations in a row with family members at the helm. Sooner or later you're going to get someone who gets the top position by entitlement over talent and wrecks it all. Again, I was reminded of how Bill Ford turned over the top spot of Ford to an "outsider" (Alan Mulally) and thereby saved his family's company from the fates that GM and Chrysler fell into.
I have seen some great companies fail due to this one issue. A perfect example of why certain people do not belong in management.
John S