Case study: drawn to a different dream

A hypothetical case is presented in which, Jason, age 50, wants to exit the family clothing business and pursue a second career in horse racing. He wonders how to follow his own star and manage his lingering responsibility to his parents, who plan to retire soon, and his obligation to provide financ...

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Veröffentlicht in:Nation's business 1997-11, Vol.85 (11), p.74
Hauptverfasser: Sirkin, Mark I, Holson, Mel
Format: Magazinearticle
Sprache:eng
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Zusammenfassung:A hypothetical case is presented in which, Jason, age 50, wants to exit the family clothing business and pursue a second career in horse racing. He wonders how to follow his own star and manage his lingering responsibility to his parents, who plan to retire soon, and his obligation to provide financial security for his wife and children. Jason has 3 choices: stay in the business, sell the business, or develop a compromise plan that will enable him to do more of what he likes while honoring his family responsibilities.
ISSN:0028-047X
2169-8155