Henry Phipps, Jr. made his fortune in the steel industry next to one of the most famous entrepreneurs of America - Andrew Carnegie. His wealth was administered in the form of trusts, which he hopes to provide a stream of income for their families and their descendants in the future. Phipps had a clear vision of the location of its generation assets, which requires both efficient organizational structure wealth to be input and guidance of the members of the family to keep his original vision intact. Despite undergoing a number of significant legal and change management, trusts survived relatively intact and continued to achieve its express purpose of preserving capital Phipps created and income for family members of Phipps. "Hide
by Tom Nicholas, David Chen Source: Harvard Business School 20 pages. Publication Date: 03 Oct 2010. Prod. #: 811031-PDF-ENG
Related Case Solutions & Analyses:
Intel Commercials Video
Price-Fixing Vignettes
Auction Vignettes Answers & Discussion
Health Resources & Technology
Implementing Electronic Road Pricing in Singapore: Epilogue (Sequel)
Northwest Airlines and the Detroit Snowstorm (C): Class-Action Status Is Granted to Suits over Northwest Delay
BUSINESS PLAN-TRUCKING BUSINESS
B and F Computer Repair
CEMEX
SmoothPay – Growing a mobile Payment User Base
