Chapter 22 - SEVENTEEN BECOMES NINE
Liora’s seventeen-percent descendant protected component was designed during a more family-controlled era.
Years later, the trust required modernization review.
Liora was eighteen.
She asked:
“Why do I get special brakes because I’m your kid?”
Good question.
The reform took three years.
Independent fiduciaries.
Employees.
Investors.
Family beneficiaries.
Court approval.
Final structure:
Four percent transferred to employee stewardship.
Two percent to institutional governance reserve.
Two percent to a workforce and safety foundation.
Nine percent remained in descendant protection.
Still not personal ownership.
Still independently administered.
Narrow rights:
Undisclosed related-party transactions.
Misuse of descendant reserves.
Extraordinary insider guarantees.
Elimination of employee governance protections.
Liora could consult.
Not command.
The other protected components were modernized similarly over time.
The point was not to preserve Henry Sutton’s hand forever.
Dead people should not run companies indefinitely.
May you like
My father would probably have hated that sentence.
Then agreed after an hour of argument.
