VIDEOS:

Planned Nepotism - Third generation leadership and beyond

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A talk with Paul Darley, President, W.S. Darley & Co.

Family businesses often go from rags to riches to rags in three generations, midmarket CEO Paul Darley says, which is why the founder's grandkids are called the dangerous generation. Planned nepotism can keep the kids from killing the business when they take over. Midmarket CEO Paul Darley tells how.

Why Is This Relevant To The Midmarket: 

Midmarket CEOs can learn a lot from CEO Paul Darley. His company managed to avoid the pitfalls of the” dangerous generation” with a strategy he calls "planned nepotism." At one point, there were over 200 family groups working in the company.
 

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