The Stroh family were once behemoths of the U.S. beer brewing industry. According to this article from Forbes, had the business still been in family hands today it could have been worth up to $9 Billion. Instead, the business was broken up and sold for "spare parts", illustrating the difficulties which can be encountered in managing succession in family business. Successfully negotiating the various pitfalls requires careful planning and commitment from current and next generations.
The Strohs chose a different path, a saga that serves as a powerful reminder: Hard as it is to build a family business designed to last in perpetuity, it’s shockingly easy for any successor to tank it.