Pandora, a music-streaming pioneer, was on the verge of collapse in 2008. While they survived royalties skyrocketing into the stratosphere, they persevered. Today, they still find themselves in a struggle to keep pace with Spotify, Apple Music, YouTube and other rivals.
The most successful business leaders are people who know all aspects of the companies they run. That in-depth knowledge creates challenges when the time comes for their retirement and much-needed succession planning.
Essential is a commonly used word defined as, “absolutely necessary and extremely important.” However, the word is creating a bone of contention between two companies in the consumer electronics industry.
Your siblings were fine with your offer to take care of Mom, but would they feel the same if they knew that now she wants to change her will? It seems fair that because you rearranged your life to help her, she should acknowledge that with a financial award. However, you do not want them to accuse you of manipulating her from your position as her caregiver, especially if you fear it will lead to a court battle.
The continuing war between one of the world’s most powerful combines and a well-financed up-and-comer has yet another casualty.