Sam Walton — "A most unusual aspect of the Waltons was that they believed in family ownership.…"

A most unusual aspect of the Waltons was that they believed in family ownership. Way back in 1953, following a model created by Helen's father, Sam gave all his shares in the company to a family corporation... Sam continuously worried that his kids and grandkids would get into fights like rich kids often do.
Sam Walton — Sam Walton Modern · Walmart founder

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Describing an unconventional family business structure driven by tax avoidance and a pragmatic fear of family disputes over wealth.

Date: 1953

Inspirational

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Found in 1 providers: gemini

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