subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home / Editorial / Thought Leaders / Profiles /
Visions & Revisions
Cymbals of Success
06/01/2005

Debbie, you are in charge of the secret alloy-making process that has been central to the success of this company for nearly 400 years. That must be a tremendous responsibility.

Debbie: Back in 1982, our father took Craigie and me into the room to show us the process. At that time I was still working part time in the business, and part time at home with two young children. I took it upon myself to get up early and come in and work with the guys in the melt room because one of the things our father always said was, “You have to do it to understand it.” I enjoyed that initial experience, so I’m the one who keeps in touch with the guys in that room. We have a lot of other secrets as well that have come about as we continue to refine our process and introduce new products, but that certainly is our main secret.

Craigie: Not even the plant manager knows the industrial secret, so this is quite bizarre.

What challenges has your generation faced in the cymbal business?

Craigie: The music industry certainly has changed. We’ve seen consolidation, à la Wal-Mart. We’ve also seen that in terms of discretionary income, we are now competing with other products, like computers. Kids used to choose between sports and music. Now every kid has to have a computer first, or computer games.

What about electronic and digital music? I see bumper stickers that say, “Drum machines have no soul.”

Craigie: Electronic music is here to stay. But really, if you understand drummers, you know they love the feel of playing acoustic drums and the sound of that music. A lot of the appeal of electronics is mere convenience; you can carry a smaller kit to a gig. But electronic music has actually limited the opportunities for live music. When Debbie and I were much younger, there were jazz clubs and a lot more opportunity for people to play live music.

You are executives and coworkers but also sisters. How do members of the family separate their professional and personal lives?

Debbie: It is easier for me than for Craigie, and that’s why she’s the CEO.

Craigie: Debbie has these rules that we are not allowed to talk about business at holidays or family parties.

Debbie:
. . . and when Craigie and I play tennis. We try to keep the business off the tennis court.

Craigie: [laughs] So that’s three times when we don’t talk business.

1 | 2 | 3 |
Printer Friendly Version  Email a Friend


Related Articles
» Fractured Finances
» Failed 100 Year Plans
» After The Diaspora
» 100 Year Plan Part IV: Planning Our Own Obsolescence
» 100 Year Plan Part IV: Culture Shock
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here
 



Family Office Wealth Conference