Читать книгу Family Capital - Curtis Gregory - Страница 12

George Titan III was the third child and only son of George Titan Jr. and his wife, Mary (see Chapter 1). George had a difficult career at Titan Industries, and was let go by Smythson Brothers following its acquisition of Titan. However, when his father died George became the patriarch of that branch of the family and inherited responsibility for its investment portfolio. His sister, Grace, would probably have been a better choice, but in those days it was assumed that the males in the family would handle business and investment matters.

And this is an important point. In some families in the early and mid-twentieth century, the brains of the family happened to fall mainly on the female side. But decision-making responsibilities continued to lie in the male line, right up until fairly recently. This meant that those families were fielding second-string players instead of their best, and sometimes that situation would come back to bite them. As we will see, such was the case with the George Titan III branch of the family.