Abstract

James Thompson, Founder and Chairman of Crown Worldwide Holdings, in his mid-sixties, began to think of succession issues. Despite his achievements in life, it would inevitably come the day when he would no longer be there to oversee Crown’s operations and development. It was uncertain whether any of his children had the competence, stamina or interest to take over the diversified global conglomerate. Though still in good health and spirits, Thompson understood very well that he had to start his succession planning before it was too late.