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At Nordstrom, where the family controls 24% of the stock, Chairman and Chief Executive John Whitacre, an outsider, will probably target the most promising successor from a cluster of relatives--five co-presidents, all family members.
FORBES: Are Dynasties Dying?
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At Nordstrom, where the family controls 24% of the stock, John Whitacre, the chairman and CEO and an outsider, will probably pick the most promising successor from a cluster of relatives--five copresidents, all family members.
FORBES: Are dynasties Dying?
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The Sulzberger family, generationally fearing a takeover, made it impossible for an outsider to go for voting control.
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