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Message: <blockquote data-quote="Lastkidpicked" data-source="post: 267110" data-attributes="member: 237">You both make very good points.It is amazing how often we STILL see this in real life.Around Texas, there are lots of big companies that were started in the 1970's.   So the owners of the companies are 80 years old or even older.   You would be surprised how often one of these guys passes away and it is discovered there is no succession plan.  None!So what happens is the owner's wife inherits the company.  But she's also 80 years old and has no interest in running a company.  So she asks her son in law to take over.  Of course, he's in over his head so they call in another friend of the family to try running the show.  And this is how we start the revolving door.</blockquote>