Comment & Analysis
Why wealthy families lose their fortunes in three generations
For a telling example of the adage “shirtsleeves to shirtsleeves in three generations” – meaning that wealth gained in one generation will be lost by the third – Canadians don’t have to look far. Under the helm of his great-grandsons, the famous retail empire founded by Timothy Eaton went from…
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Click here to read the full story: The Globe and Mail