Chapter 23 - JOCELYN SELLS DOWN
Marroway held Keller Heritage for nine years.
Then we reduced our stake.
Not because I hated the company.
Because permanent family control was exactly what we had spent years trying to escape.
Employee ownership increased.
A pension fund invested.
Management received shares.
Marroway sold gradually at market value.
By the time I was forty-one, we held twelve percent.
No control.
Keller Heritage had:
Independent board.
Audit committee.
Beneficiary-fund separation.
No family-office loans without third-party review.
No company executive serving as family fiduciary.
May you like
Boring.
Beautiful.
