NOOOO! Thor buys Jayco
Just read that Thor has bought Jayco for $576 million. Wall Street Journal article at this address: http://www.wsj.com/articles/thor-industries-to-buy-jayco-for-576-million-1467375874 Jayco was t...
Forum Discussion
BB_TX wrote:wing_zealot wrote:camperforlife wrote:Why work when you got $576M? I could live extremely well on the interest alone and never work a day it my life.
I was surprised when KZ sold to Thor and now Jayco. When these family companies hit the second and especially third generations money seems to out weigh family.
Exactly. First generation works hands on to build their business and takes pride in the accomplishments. As it grows, the second generation likely gets involved. If the business grows really large, then it moves away from being a family business and into the corporate world. By the time the third generation comes along there is little of the "family business" left in it and they are ready to reap the benefits of the previous generation's work.
And the third generation having too much money loses all ambition to work and ends up spending it all gambling drinking etc..and dying poor.
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Chinese have a good saying for this...from shorts sleeves to short sleeves in three generations..
Give your children only so much money they can do anything,but never so much they need to do nothing..
