Ownership Separated From Management
Books Teaching This Pattern
Evidence

Leonardo Del Vecchio
Tommaso Ebhardt · 3 highlights
“in order to guarantee it a stable and lasting future, even when he would be no longer there, he must follow one of the best practices of family capitalism: separating ownership from management, shareholders from the management team, a golden rule of the great families of the bourgeois aristocracy, like the Agnellis.”
“According to the new bylaws of his holding company, Delfin, it will be up to him to indicate a successor to lead the family's vault. In case of his disappearance, the successor will have been previously indicated by Leonardo in "written form". Only he, therefore, knows who the person chosen to succeed him at the head of the holding that contains the family treasure is, and he has written it down in black and white.”