Passing the torch the Irving way: a tycoon fights the tax man from beyond the grave

Article Abstract:

Both Irving and the McCain brothers built large business empires in New Brunswick, but they differ in their handling of succession and tax liabilities. Irving left a carefully planned will that forced his three sons to establish residency in Bermuda and focus on corporate goals.

Methods, Succession planning (Business), Irving, Kenneth C.

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Family feud: a fight between the McCain brothers threatens their food empire

Article Abstract:

Wallace McCain filed a lawsuit against his brother Harrison McCain in an attempt to remain as president of McCain Foods Ltd. The family-owned holding company voted that Wallace should step down from his position by Sep 30, 1993. The feud is primarily about succession.

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McCain wars: end of a family firm

Article Abstract:

The feud between Wallace and Harrison McCain over the management of McCain Foods Ltd raises larger issues about the viability of large family-run businesses. There have been many large Canadian businesses ruined by heirs who did not know how to manage the firms.

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