According to the Small Business Administration, more than 70 percent of all family businesses do not survive through the second generation, and 8 percent do not make it to a third.
Traditionally, all the kings of Saudi Arabia have been sons of the founder of Saudi Arabia, and they've gone from one son to the next.
He who sees his heir in his own child, carries his eye over hopes and possessions lying far beyond his gravestone, viewing his life, even here, as a period but closed with a comma. He who sees his heir in another man's child sees the full stop at the end of the sentence.
The accession to power in Pyongyang of Kim Jong Un, son of Kim Jong Il and grandson of Kim Il Sung, is a unique achievement in world politics.
If the children of a group's founder are to take over that group, they need the endorsement of society.
Just as I went into politics because Joe died, if anything happened to me tomorrow, my brother Bobby would run for my seat in the Senate. And if Bobby died, Teddy would take over for him.
I am reproached for allegedly preparing my children, my eldest son, as a successor. I swear to you I have never discussed this idea, even with my family or with my sons.
I would consider selling the whole company; I wouldn't like to sell just part of it, but on the other hand, I have a grandson intent on following my footsteps and another grandson in another couple of years.
The Trumps will be a dynasty that will last for decades, propelling the Republican Party into a new party.
My dad owns a company that lends equipment to industrial projects. I've been obsessed with taking it over since I could talk. I'd follow him and repeat conversations about how many tons of cranes were arriving. He said it was a man's world, so I studied electrical engineering because it was related.
My father had declared a predilection for heirs general, that is, males and females indiscriminately.... I, on the other hand, had a zealous partiality for heirs male, however remote.
Any father likes his son to take over from him if possible.
I don't know another Philippine company that has lasted three generations, except for Ayala. Maybe Aboitiz is going to the third.
If my strength is technology, financial structuring is my son's skill.
I'm just happy that I'll have someone to give all my shoes to! I'll have someone to take over everything. It's funny because I'm having a lot of fun buying clothes for my daughter. She already has shoes for when she's a size eight. She's covered for a while.
