“Why am I doing this?” That’s the question dominating a President’s Advisory Committee board meeting (PAC). None of the members—all business owners—intend to give or sell their business to their children. Instead, in a reversal of traditional social norms, all of them plan to use their wealth to empower their children on whatever paths the kids happen to choose.The members range in age from early forties to mid-fifties. Each of them has done very well. Their children range in age from the early grades to out-of-the-nest adults.
Tag Archives: nepotism
February 27, 2015 · 10:25 pm