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To: sitetest

Turning over inherited wealth to able business managers who in turn produce a profit is not an accomplishment.


21 posted on 02/26/2005 4:29:20 PM PST by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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To: wagglebee; royalcello; kjvail

Dear wagglebee,

"Turning over inherited wealth to able business managers who in turn produce a profit is not an accomplishment."

Actually, you'd be surprised at the number of fortunes lost in the second and third generation by individuals who cannot achieve even this accomplishment. Managing inherited wealth, and growing it isn't quite as easy as it looks.

However, it was my understanding that previously, the Cornwall holdings were not especially lucrative in terms of income. It was my understanding that the prince himself helped to devise a business plan to make these holdings the crown jewel of his business holdings.

Taking an unproductive inherited asset and making it very productive is an accomplishment.

I've pinged some gentlemen who might know a little more than me about this topic.


sitetest


29 posted on 02/26/2005 4:33:51 PM PST by sitetest (If Roe is not overturned, no unborn child will ever be protected in law.)
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To: wagglebee
I understand from a friend who works for him, that the Prince is very much a 'hands-on' boss.
31 posted on 02/26/2005 4:34:35 PM PST by Churchillspirit
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To: wagglebee

All inherited wealth was stolen from the proletariat and should be returned to them.


55 posted on 02/26/2005 5:29:33 PM PST by Oztrich Boy (No morality can be founded on authority., even if the authority were divine - Sir Alfred)
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