vision

This is the final article in the planned series of four, in preparation for the 18th Campden Wealth European Families in Business Forum in Berlin, Germany on 30-31 March, 2022. My prior articles—written for successors—addressed in turn the issue of successor value and the support successor's need to put in place to smooth succession over time.

The global automobile industry is in a shambles with a share in Ford Motor Company selling for less than a Starbucks latte and GM and Chrysler discussing a merger that resembles two drunks hoping they can make it to the next lamppost (government bailout).

Somewhere in all this chaos the Porsche family has managed to create two highly profitable automobile firms that are the world leaders in designing, manufacturing and marketing cars.

Henry bought Able & Sons Construction 30 years ago after his father died unexpectedly of a heart attack. Henry grew his father's business to $80 million in annual revenues, expanding into building churches and government buildings. He is well-respected in the community and proud of building the new Methodist Church, high school and city hall and expanding the county courthouse, hospital and the three elementary schools.