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.