“The children always destroy the parent’s business. It seems to never fail. I can’t think of one with a good outcome.
In the end the business is sold off only after a 50% decrease in value. The wives and family go to the courts to fight over the proceeds.”
Thanks for posting this. We live in one of the now elite wino counties north of gay Frisco and we see your comments in real life via two ways:
1. Home grown left wing spawn, who destroy their parents business with their liberalism and greed.
2. The next group may be worse, as they are often invisible and more dangerous than group 1, the super rich trust fund bastards. They often influence/control local/state politics which are anti business and human.
Quite right. Many people don’t realize this will be the third generation of Murdochs running the family business. Rupert actually inherited on the premature death of his father, Sir Keith Murdoch. Keith Murdoch is best known as the editor/journalist (or, “journo” as they say in Australia) who exposed the senseless death of Australian forces at Gallipoli in WW1.
Most businesses don’t make it through the family’s third generation.
Walmart did exactly the opposite.