Nimrod Press (A); Nimrod Press (B)

According to Walter Tower, president and CEO of Nimrod Press, entrepreneurs have an immortality complex, and succession planning is not an issue they want to deal with. Shortly after acquiring the company, Tower came to the realization that instead of taking the company public, it was probably going...

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Bibliographic Details
Published in:Entrepreneurship theory and practice 1994-10, Vol.19 (1), p.85
Main Authors: Wolf, Wendy, Churchill, Neil C, Tower, Walter
Format: Article
Language:English
Subjects:
Advertising
Boards of directors
Case studies
Computer programming
Entrepreneurs
Family owned businesses
Management styles
Managers
Marketing
Personal profiles
Printing industry
Succession planning
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Summary:According to Walter Tower, president and CEO of Nimrod Press, entrepreneurs have an immortality complex, and succession planning is not an issue they want to deal with. Shortly after acquiring the company, Tower came to the realization that instead of taking the company public, it was probably going to remain a family-owned business. Tower and his wife had 4 sons, and he hoped that some or all of his sons would eventually have an interest in joining the company. Even though 3 of the 4 sons worked at one time for the company, the oldest was eventually chosen to succeed his father as head of Nimrod. The management styles of the 2 CEOs are discussed along with the transition of leadership from the father to the son.
ISSN:1042-2587
1540-6520