Advice on Choosing a Successor

One of the things we see amongst many of our friends who come to see us and they say Philippe could you help us make our son or our daughter the CEO of our company because we're about to leave it and we ask them are you sure that the best person to do that are you sure that your daughter your son want to do that, that they've got the ability to do that have you asked them no no listen Philippe I'm leaving and I've got to have someone it's my eldest daughter she's going be the head I said maybe are you the best person to choose your successor you were pretty good to build a business Philippe, you build it and you started it but that doesn't mean you're necessarily the best person to run it now maybe the job has changed because the job has become bigger it's not only one of a an entrepreneurial person coming in maybe you need a different kind of style. I need my son to be the successor of our company how many times has this happened and to be a disaster for the son too for the daughter too went they are force to do that Because a lot of the people who come to us to promote their son or their daughter when we know there may be not the best person but there's a role for the son in there as good owners of the company to make sure that it's on the right track and it means they're going to have to do a lot of homework they're going to have to stay up with trends they're going to have to be able to understand a PNL they've got to be they need owners have a huge education enlightened that's right.