Quote:
Originally Posted by RichardCoulter
He bought risky businesses, but "doesn't care" because he "loves the financial investment and personal activity side" suggests otherwise to me.
My comments about him building up a business that he enjoys in the very place that he intends to retire suggests to me that he may take an inappropriate interest in the day to day running of that part of the business.
I have experience of Directors who retire, suddenly end up with a lot of time on their hands, feel useless and start to try and interfere. This can even happen when the business is passed onto a son or daughter- or even sold out of the family altogether!
To an extent I suppose it's unavoidable, especially if it's a business that they have nurtured and grown and they believe that what's been done or proposed is harmful to the business.
I guess something along the lines of the saying that 'teachers never really retire, they just grow older' comes into the equation too.
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I think you are adding 2+2 and getting 9 I think you are looking at it all wrong.
I do not know of any directors who retired but are still involved in running businesses. I think it is that he enjoys purchasing businesses that are risky in order to try and turn them round,
Not that he bought it so he has something to do after he retires and TV cahnnels he might enjoy watching.