Losing a Fortune Often Comes Down to One Thing: Family
"Heirs are not automatically qualified, competent or visionary leaders, Dr. McGerr said, and when power is passed solely from fathers to sons, those who might better manage an empire — like women family members or outsiders — are excluded.
While Ms. Stroh was being taught how to avoid being kidnapped, the men in her generation were being groomed to lead the company. “It would have been discouraged if a girl in the family had shown some ambition for a role like that,” she said.
Today, Ms. Stroh is a successful businesswoman. Now 50, she lives in San Francisco, and took a relatively modest inheritance of about $200,000 in stocks from her mother and made savvy investments in tech companies and real estate. As a small-time developer and landlord, she is able to live independently in one of the nation’s most expensive cities."
No comments:
Post a Comment