The Succession Timetable

If the head of the family business is keeping plans quiet, there's probably a good reason

My problem is that my father, the superb leader of a successful family business, has no succession plan. But for the sake of the company and our kids' future, we need one. As a possible CEO candidate, how can I approach him about this without looking like I want to "get" the company for personal gain? — Anonymous, ChicagoFirst things first. You don't necessarily need a succession plan. You want one. And for that matter, your father—superb leader that he is—may very well have a succession plan. He's just not telling you.

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