Keeping it in the family: How Irish businesses handle the tricky issue of succession planning
The hit HBO series Succession follows the turmoil in the ultra-wealthy Roy family as the family’s patriarch steps down (or doesn’t) as head of Waystar Royco. But how do the tens of thousands of family-owned Irish businesses handle the tricky issue of succession planning? Ellie Donnelly investigates
Morahan’s Pub in the village of Ballinagare, Co Roscommon has been in the same family since 1641. It has survived famine, major economic and societal changes, and succession. Today the establishment is run by Brian Morahan and his son Owen.
“I’m the eighth generation here now. This area was highly populated at one stage, everything revolved around the farming community,” Brian Morahan tells the Business Post Magazine.
He says that over the years the family ...
