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Reply to "Succession - Season 4"
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[quote=Anonymous][quote=Anonymous]Doesn't anyone else think it's very unusual for a NYSE-listed mega conglomerate not to have a fully-formed CEO succession plan in place? Given Logan's age and medical issues throughout the series, wouldn't the board and stockholders, particularly stockholder activists, have insisted on it? I think one of the over-arching messages of this show is that hubris leads to destruction. If Logan and his acolytes had been responsible stewards of the corporation, they would have put ego aside and accepted that Logan wouldn't be around forever and would have undertaken the uncomfortable task of planning next steps in the event of his demise. But by appeasing his ego, the corporation now is left in uncertainty and is at the whim of some really self-serving and diabolical players. Seems like a cautionary tale for not hoarding short term personal benefit at the expense of the greater good. [/quote] It’s not unheard of. The show us at least partially based on Rupert Murdoch and his kids, who have definitely engaged in similar jockeying for control of Murdoch’s business (which is very similar to Waystar, of course). I also know the family that owns the Denver Broncos has similar drama, including with kids from multiple marriages competing to take over and one kid with substance abuse issues who I think got a DUI that impacted his chances of taking over? Can’t remember the details but it was similarly soap opera-y. Waystar is unique because while it’s publicly traded, it’s still a family company with the family owning controlling shares. So not as closely held as, say, Trump’s businesses (which are not public) but different from company’s where the founder died generations ago and ownership now lies with people unrelated to them, where decisions about executive management don’t involve family drama.[/quote]
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