""Talk to me again in 10 years, I can give you a more precise answer,""
""For my children, I tried since their birth to explain that they are very lucky to be in a family that has the chance to manage such a group,""
""But for getting responsibility, they have to merit the responsibilityand to prove they can do it,""
Bernard Arnault, 76, has led LVMH since 1989 and remains guarded about retirement and succession. He hopes to stay at the helm for another decade, and the board voted to allow him to keep his position until age 85. All five adult children—Delphine, Antoine, Alexandre, Frédéric, and Jean—hold senior roles at LVMH, with four serving on the board. Analysts describe competition among the siblings as a "Darwinian contest" and compare the situation to HBO's Succession. Arnault says responsibility must be merited and that longtime senior employees are also part of the "family company."
Read at Business Insider
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