Coddled Relatives Can Kill a Family Business
Harvard Business Review
AUGUST 19, 2013
Denis was a bright, handsome, 45-year-old French executive who had failed his way up the ladder—almost to the top of his family''s fourth generation perfume business. As the eldest son of the family patriarch, Denis went directly from university into the family business. During his entire career, he worked in his father''s span of control, reporting directly to his dad within six years of joining the business.