Jeff2410 Wrote:
Jun 06, 2012 11:33 AM
We can learn so much from Yuengling Beer. Not only is it delicious but their business model is one that all family business should follow. The company is not willed to the children. If the next generation wants to run the business, they have to go to a bank and get a loan to buy the company from their parents. This ensures that they have skin in the game and increases the chances of success. I'm not suggesting that we should change the laws to match this concept. If a parent wants to will their hard work to a drug-addled child, they should be permitted to do so. But it certainly cuts down on the multi-generational failures that Mr. Goldberg is saying in this well-written piece.