Just looking at the title of article, he is on complete opposite side of my beliefs... I think the concept of inheritance to bloodline itself is wealth destruction and erosion of profitability and productivity.. Surely return on capital will decline... Higher the donation of wealth and lower the inheritance of business equal higher value created and improved efficiency and profitability... Look at Europe where inherited business dominated the business world.. gone soar... Look at Koreas profitability and dividend yield for corporates... 1/2~1/4 of US...So valuation is so much cheaper... 한국 재벌, 일본 재벌, 유럽 기업... 다 2세, 3세로 상속된 결과 기업들의 수익률은 어찌되었을까?
Posted on: Wed, 25 Jun 2014 06:44:34 +0000
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