An Eccentric Succession by Brett Anderson (Worth Magazine, December 2004) provides a good summary of one family's succession planning discussions. With three capable sons in the second generation, the Cakebread family (Cakebread Cellars) explains the process they went through to reach their leadership decisions.

As Bruce Cakebread notes in the feature: "A family business transitioning from first to second generation is one issue. The percentage of failures is huge at that stage of a business. It's our obligation to make sure we don't join that statistic."