The succession drama at Scholastic

Re:The succession drama at Scholastic by paxys on Friday March 18, 2022 @12:44AM (#30718815)

The article goes on for pages and pages but I'm failing to see the drama. Owner of a large private publisher dies, and instead of passing the company to his sons he gives control to the chief of strategy who has been with the company for decades, and who he happened to date for some period of time. Like...okay? No one is contesting it. No one is rebelling. His sons are pissed, but of course they will be. She seems to be running the company exactly like how it was before, and how everyone expected (which makes sense considering none of the leadership has changed).

The article is alright if you want some background on Scholastic and Dick Robinson, but there is really no deeper story here.

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Re:The succession drama at Scholastic by crackercrews on Friday March 18, 2022 @01:44AM (#30719081)

> instead of passing the company to his sons he gives control to the chief of strategy who has been with the company for decades

There are two issues here: the wealth and the control of the company. I don't think it would have been terribly noteworthy if he'd split up his ownership. He could have given his ex-girlfriend voting shares and his sons shares with financial value. But that's not what happened. The whole bundle went to the ex-girlfriend, which is a bit of a strange occurrence.

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Re:The succession drama at Scholastic by georgeecollins on Friday March 18, 2022 @02:20AM (#30719190)

But his choice. That's how things work. See: King Lear.

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Re:The succession drama at Scholastic by rootsudo on Friday March 18, 2022 @02:43AM (#30719287)

"There are two issues here: the wealth and the control of the company. "

No there isn't. It's being run the same. It's baseless mouth piece.

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Re:The succession drama at Scholastic by be_nice on Friday March 18, 2022 @02:52AM (#30719318)

I, too, abstract away drama in my dismissive summary so I can claim there's no drama.

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Re:The succession drama at Scholastic by thematrixturtle on Friday March 18, 2022 @03:53AM (#30719623)

I mean, there's drama, but it doesn't seem like particularly interesting drama from HN's point of view: more gossip than "anything that gratifies one's intellectual curiosity".

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Re:The succession drama at Scholastic by burnished on Friday March 18, 2022 @04:39AM (#30719861)

As a filthy gossip I feel comfortable pronouncing that if everyone is acting basically sort of reasonable then it isn't drama.

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