Suits & Sayings: Parent Trap

It needs gumption to acknowledge the limitations of progeny when it comes to leading the family business. This power couple has been honest enough to rope in professionals to make their law firm future proof. In fact, they have given the new appointees a free hand to do whatever it takes to pursue their mission to fully professionalise the setup. Having learnt the hard way, they have even made this decision clear to the next generation, we learn. Considering they are valued advisors to many a billionaire, this is a message worth absorbing.


(For more on our weekly roundup of wackiest whispers and murmurs in corporate corridors & policy parlours, pick up today's edition of The Economic Times newspaper)