Why would a man, who founded and built one of the largest most successful companies in the world, decide to step away? On the outside it seems to make no sense and indeed it made news with many people asking the same question. But this is a question that all business founders must ask themselves, when do I step down and who do I turn the company over to?
2020 found families and businesses under pressure, stress and in the middle of the COVID crisis. For many family businesses this called attention to the structural damage or holes that were hidden inside the organization, leadership or family.
Conversations around death have always been taboo in our society but that stigma prevents us from having important discussions regarding significant decisions. 90% of people recognize the importance of the conversation and yet only 27% of people actually end up having it. Denying the mortality reality of family members and business leaders leaves both vulnerable.
All people react to a crisis in a unique way and not always the way we would assume