This is what the HBO show ‘Succession’ can teach us about the economics of family companies.
in the world meet that definition, including Walmart, which is controlled by the Walton Family; Samsung; Volkswagen; Berkshire Hathaway; Koch Industries; Ford Motor Company; and, of course, what is perhaps the inspiration forIn fact, more than half of the world's companies, both privately owned and publicly listed, are family firms, according to Villalonga and Amit.
that"Succession is the ultimate test of a family business." That, of course, is the central test that faces ailing Logan Roy, the family patriarch who built Waystar Royco, inIn the real world, the heirs of a family firm have three basic options after their founding patriarch or matriarch steps down: they can sell the company and get rich quick.
For a long time, economists have been perplexed as to why seemingly similar looking companies can vary so widely in their productivity. For example, economist Chad Syverson "We find that firms that hand down management within the family have worse management practices, particularly those that hand it down to the oldest son," Bloom says."They were managed extremely poorly and often ended up bankrupted by poor management practices."Bloom says the typical story goes something like this: Someone founds a company and builds it up over 40 years or so.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Succession’ Season Premiere Features Return Of Shadowy Dr. Succession CharacterNEW YORK—In a dramatic twist that shocked viewers who had waited more than a year for a new episode of the HBO drama, Sunday’s season premiere of Succession featured an unexpected reappearance of the show’s shadowy Dr. Succession character. “Longtime fans of the series were appalled and delighted when its powerful but…
Read more »
HBO's 'Succession' sets viewer mark for fourth-season startHBO's “Succession” opened its fourth and final season with a record first-night audience of 2.3 million viewers, the Nielsen company said. That tops the previous high for the drama about a backbiting family of media moguls.
Read more »
Letters to the Editor: Why 'their fanaticism is why we're polarized' misses the pointA reader says he feels let down by letters blaming only right-wing fanaticism for polarization in the U.S. today.
Read more »
Twist in Kremlin Nepo Baby’s Wild Escape From U.S. ExtraditionA Russian governor’s son who busted out of house arrest in Italy last week had help from a whole team of accomplices that probably involved Russia’s security services, Italian investigators say.
Read more »