this post was submitted on 17 Sep 2026
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From what I recall, these family owned companies survive because they don't aim to maximize growth, but aim to have sustainable growth over years. The owners (apparently) are concerned with legacy for their heirs. They don't take massively leveraged financialized capital investment, which introduces the need for short term returns.
Thanks, I think I've read similar. It makes sense. So perhaps it is cultural after all, and not directly related to history.
Don't they also adopt large adults sons to leave them the company or something?