12/01/2004
The chasm in expectations and experience that often separates a powerful,
dynamic wealth creator from his or her children can make family business
succession a perilous battle of wills. Entrepreneurs who refuse to step aside
and their children, who wait for the opportunity to prove themselves at the
helm, may find themselves locked in an internecine, intergenerational rivalry.
Without careful consideration and planning, both parent and children—and of
course, the business itself—may suffer grievous harm as a result. Photograph by Robert Sebree.
Additonal Information
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Conversations with the Cakebreads