As a leader, you must recognize the dangers of inherited wealth and its impact on our ability to lead effectively. While a boss who has made enough money through their own efforts to walk away if pushed too hard is ideal, too much inherited wealth can be a birth defect that produces high levels of insecurity.
When a family has amassed a mega-fortune, it often leads to the temptation for the patriarch to give control of parts of the company to their children. While this may result in a bleeding genius emerging as the successor, it is ultimately unfair to those who have worked hard to build the company.
Furthermore, inherited wealth often leads to a cloud of charm boys surrounding the chief executive, distorting their view of reality and leading to a chronic case of corporate pinkeye. This, paired with the resentment of those doing the work, can make it difficult for leaders to receive early warnings from the front lines.
As employees, it's important to hang in there if a company is bought for someone like Sonny. With luck, Sonny will be out on his arse in no time, and a true genius - perhaps even one of us - will be sitting in his office.
In conclusion, we must be careful not to let inherited wealth cloud our judgment and impact our ability to lead effectively. By recognizing the dangers of relying on family mega-fortunes, we can work to build a culture that values hard work and innovation, rather than inherited privilege.