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| Feature |
The Scions of Sea Island
Jan Alexander
03/01/2004
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There are no family meetings outside of the annual
shareholder’s meeting, but family members hunt, fish and socialize together
frequently, and sometimes children and nieces and nephews join Bill Jr. and his
three siblings at their monthly meetings at the pecan farm.Jones and his
wife, Sally, a former flight attendant, have seven dogs but no children. He says
he has no reason to think about retiring from “the best job in the world” and
his nieces and nephews are all under 18; in short, the idea of a successor seems
highly premature. He is more concerned with the long-term future of the land. He
has been able to buy property at reasonable prices, which means there is little
pressure to build to make up the costs. “This way we can have a much
lower-density development than probably anyone else could justify.” It is just
as well—too many world leaders buying in the area would probably make for
squabbling neighbors anyway.
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