Public Affairs
9:34 am
Sun June 5, 2011

The Church of "Scionology"

Sun. 6/12 at 11am: When you spend your life building a successful business, whether it's a small bakery or a corporate empire, it's a natural step to hand off the reins to your son or daughter. But economic research shows that handing down a business to an heir is, on average, a terrible idea. Profitability, for example, drops an estimated 10 to 20 percent when a family firm is passed on to the next generation. So why do we do this?

Wiktionary says this about the word "scion":

scion (plural scions)-

1. A descendant, especially a first-generation descendant.
2. A detached shoot or twig containing buds from a woody plant, used in grafting.
3. The heir to a throne.
4. guardian

 

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