The succession drama at Scholastic

Re:The succession drama at Scholastic by tiahura on Friday March 18, 2022 @12:39AM (#30718791)

If Bob's Muffler Shop is incorporated, why shouldn't it be heritable?

In the US we generally don't confiscate companies from private individuals because we think we can run the company better. Additionally, shareholders would simply place the shares in a trust, or give the shares to their heirs before they die.

So, no. There really isn't any movement to force sales of family business at death.

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Re:The succession drama at Scholastic by georgeecollins on Friday March 18, 2022 @02:23AM (#30719207)

If a thing is heritable indefinitely it is a title in the feudal sense. If my family could control Bob's Muffler Shop for ten generations aren't we sort of the Earls of Bob's Muffler Shop?

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Re:The succession drama at Scholastic by yjftsjthsd-h on Friday March 18, 2022 @03:50AM (#30719601)

> If my family could control Bob's Muffler Shop for ten generations aren't we sort of the Earls of Bob's Muffler Shop?

I dunno, are you the Earl of your great grandfather's pocket watch, or the Duke of the Heirloom Dresser?

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Re:The succession drama at Scholastic by actually_a_dog on Friday March 18, 2022 @05:26AM (#30720086)

Owning Bob’s Muffler Shop doesn’t give you any of the privileges granted to feudal lords, though. That’s a terrible analogy.

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