Entrepreneur: The autumn of the Patriarchs



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  Sixt's CEO, Erich Sixt, has long since passed the legal retirement age at the age of 73.
The boss of Sixt Erich Sixt has long since passed the legal retirement age at 73 years old.
Photo: Sixt SE

Albert Darboven took his 80th birthday When he celebrated his birthday, he hit an ankle: "A legislature continues," said the vicious company leader, wiping out any speculation that he could evacuate his executive chairman to the roaster Darboven, and if he made his statement, he becomes the company His problem: An attempt to build his only son, Arthur Ernesto Darboven, as his successor, failed he ten years ago, and now Albert Darboven is exploring another path – an adult adoption – while the rest of the law is resisting milie.

Darboven is not the only corporate patriarch who is still at the top of his business when he is still very old. Erich Sixt Sixt has long since passed the legal retirement age at the age of 73 years. Günther Fielmann Fielmann is the oldest of the CEOs of a publicly traded company in Germany.
500 Company profile for Fielmann

Over 500 company profile for Sixt
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If the successor comes from the family, the responsibilities and responsibilities must be clearly defined. It would be fatal if the senior member of committees such as the advisory council or the board of directors kept the reins in his hands. "The whole team sees whether the transfer is serious or not," says Hennerkes

. There are many examples of successful or failed transfers to the next generation. Günther Fielmann has just transformed his son Marc into an equal CEO. The family business is now headed by a double father and son.

"It takes at least five years to prepare for succession," says Hennerkes. "And the family successor must be at least as qualified as an open market employee manager would be."

Even with the best starting conditions, not all child entrepreneurs are up to the task, especially if the father was significantly better than average. This is no different from that of other professions. Stephan Beckenbauer has only played a few matches in the first Bundesliga, Sean Lennon has never been successful.

When things go wrong, the public usually learns little about the context. Eugen Block, owner of the block house chain "Block House", once found open words in an interview why his eldest son Dirk first joined the board of directors, but then instead started his own company. "I discovered that he had a completely different mind from me," said Block, publisher of the Schleswig-Holstein newspaper (shz). "He did not just want to run after things his father did."

In the same way, the discount of the anchor manufacturer Fischer failed Jörg Klaus Fischer, absent in 2012 after one year. "Often it's the juniors who say it's not like that with me, that's what I imagined differently," Hennerkes says.

According to a study by the Family Business Foundation, about two-thirds of the next generation of entrepreneurs are ready to take responsibility. On average, they are better educated and have more experience abroad and language skills than their parents. They also need them to lead a successful business in the next generation. ! (DPA / rs)

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