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I got my first job at Walmart at 16. Now I'm a store manager.
Walmart's youngest US store manager shares her succession plan and the biggest lessons she learned throughout her career.
Family Business Succession Planning Is About More Than Assets
Family business succession is about more than transferring assets. A meaningful legacy also reflects your values, strengths, sense of purpose and the example you leave for future generations.
Family Business Succession Planning Is About More Than Assets
Family business succession is about more than transferring assets. A meaningful legacy also reflects your values, strengths, sense of purpose and the example you leave for future generations.
How Mexican MSMEs Can Ensure Business Continuity and Succession
Mexican MSMEs must institutionalize and plan succession to ensure business continuity, protect jobs, and avoid failure, writes Jorge Arellano.
Schimpf: How Oklahoma business owners should prepare for the Great Business Transfer
Merrill Wealth Management President Eric Schimpf urges Oklahoma business owners to plan early for sales, succession and wealth transitions.
What Dolly Parton’s estate fight reveals about family business succession
Parton, the legendary American singer, actress, entrepreneur, and philanthropist, left an estate estimated at $450 million.
Retiring from Farming
Start now to ensure your farm passes to the next generation Deborah Jeanne Post [caption id=attachment_11062 align=alignright width=405] Adam C. Howell, outreach director at Cornell’s NY FarmNet: “Retirement from farming is atypical planning,” he says.[/caption] Roughly 70% of family-owned farms will transfer ownership withing the next two decades, according to data from to the USDA census. Only 30% of those will remain in the family. The number of farms in New York is shrinking as the size of farms increases. In other words, there are fewer farms in the state, but they’re much larger. This is why succession planning is so important for family farms. A farm represents not only a way to make a living but a legacy and family tradition. Many families want to preserve the small farm segment of agriculture and the values it represents. Passing the family farm to the next generation can’t be left to chance. And it shouldn’t be left for “the kids to figure out” after the older generation dies. Succession planning in agriculture isn’t like other types of business retirement planning or personal final planning. “Retirement from farming is atypical planning,” said Adam C. Howell, outreach director at Cornell’s NY FarmNet. “Most farmers, their assets and the way they live and survive in retirement is tied up in the equity in the farm. Those conversations must take place a lot earlier than they think. They’re dealing with something asset-heavy that may require a trust and tax planning.” NY FarmNet offers farmers free, confidential consultation services regarding financial and business management, and family, and mental health support for farmers in New York state. It’s a program of Cornell University in Ithaca. Howell urges farmers to begin the conversation early. Most family farms are run by generations with the oldest generation most involved and typically with fewer of the middle-aged adults and young adults involved. Some of the younger generation may have off-farm jobs and not live on the homestead. “Different people have different expectations on their legacy,” Howell said. “Intergenerational conflict and discussions can be difficult. It may be good to check with NY FarmNet or Ag Mediation to help mediate these conversations with a third party. A lot of farms have broken up because people can’t decide how to divide things.” New York State Agricultural Mediation Program is a USDA‑certified, free or low‑cost service for farmers. Fair is not always equal. A sole owner simply stating that he wants to divide things equally among his children may leave one-quarter of the farm operation to an adult child who moved away and hasn’t sat in a tractor for decades. The three adult children who have toiled on the farm for 30 years may need to buy out the fourth, non-farming sibling but cannot because all of their money is tied up in the equipment, land and stock that supports their livelihood. Their payrate may not allow them to set aside much to buy out the non-farming sibling. As a result, they may need to sell parts of the farm off in order to keep it. However, doing so may limit their ability to sufficiently support their families. The farm owner may need to bequeath more assets to the farming siblings because their efforts have kept the farm going and without those assets and their work, the farm will cease operations. Howell advises seeking professional help on tax and legal issues. Without it, families can be exposed to expensive problems and infighting. A third-party expert can help farm families navigate what is truly fair in the family’s succession plans. Beyond the practical aspects of inheritance, succession also relies upon planning who will operate the farm and how. “I think it’s important that farmers understand the means and methods of farming are always changing,” Howell said. For example, many young adult farmers earn a degree at a school such as Cornell, SUNY Cobleskill or Morrisville, work on a different farm for a while and then return to their family farm with big ideas on how to improve the farm — if only their dad and uncles will agree. Intergenerational conflict is often centered on newer ideas such agritourism, online marketing and shipping goods. “It causes conflict,” Howell said. “A lot of it comes down to communication and respect within the family. If no one in the family wants to take on farming, what we’ll see is older farmers start to help trusted managers buy into the farm.” The middle-aged generation, now in their 40s and 50s, often struggle with wresting the helm from their parents. Howell said that many older farmers don’t discuss with their grown children their vital business information such as vendors, ordering supplies, pricing, recordkeeping and farm planning. They even claim that “the kids” aren’t ready yet. These gaps in cross-training may cause significant problems even before the older generation dies, if there’s an illness or injury. Howell urges farmers to document these processes and cross-train others on the farm how to handle these areas “to make sure if one person is incapacitated, the entire operation is not at risk,” he said. Mark Modzeleski, financial adviser, financial planner and president at Legacy Wealth Advisors of NY in Syracuse, advises families to talk sooner than later about who should be operating the farm. “Someone is driving the farm,” he said. “Have you decided who? Be honest when you have that conversation. Who do they turn to when there’s a question? Or who has the potential to be leaders?” Planning for leadership continuity is vital. Unfortunately, talking like this can become fraught with emotions if it’s only the family involved. Modzeleski advised finding a third party who can help drive the conversation. “Invite the right people to the conversation who can get you from point A to point B,” he said. “This is a marathon, not a sprint.” It may take sitting down a few times with an estate planning attorney who specializes in farm transition, along with a tax professional and others who can help moderate and plan. Family members, owners and possibly, integral farm managers should attend the meetings. “Figure out what you want your legacy to be,” Modzeleski added.
New CEO for First National Bank Alaska
After more than a decade with Betsy Lawer as President of First National Bank Alaska, a succession plan puts Darren Franz in the top job.
Tata boardroom feud is testing a trusted business empire
The dispute raises questions about the Indian conglomerate's governance, succession plans and future.
Dauch restructures executive roles, hires new CFO
Dauch Corp. announced its plans to name a new chief financial officer on Monday, as well as a restructuring of its executive team as it makes succession planning moves.
S.C. Succession: History-Making Debate Could Reshape Palmetto State's Evolving Politics
Three female candidates take the stage in South Carolina amid shifting electoral sands...
Islanders 4 (EN), Blackhawks 1: Horvat, Stanley(?!) stay hot
The Islanders dispatched the Blackhawks, as well they should, to even their record at 2-2 on the young season. The 4-1 final turned in the second period when the Isles got two goals in quick succession, converting some counterattacks against a loose Blackhawks team defense. Bo Horvat had two goals, a power play one to […]
Chelsea’s Sporting Director Succession Plan Revealed Following Lawrence Stewart's Departure
As Laurence Stewart exits Stamford Bridge, a new leadership structure emerges to steer transfer strategy and player pathways under the guidance of manager Xabi Alonso and Behdad Eghbali in a cohesive plan.
They survived World War II and lost decades, but not 2026. Japan's century-old businesses are disappearing at a record pace
Japan’s century-old businesses face mounting pressures from rising costs, labor shortages, a shrinking market and succession challenges.
How to prepare your business for the next chapter
Succession planning before a sale or retirement is critical for business owners who want to leave a legacy.
Here’s everything new in Android 17 QPR2 Beta 6 + 6.1 [Gallery]
Google rolled out Android 17 QPR2 Beta 6 and 6.1 in quick succession to continue the preview ahead of the stable December launch.
The Family Business Advantage: Third Quarterly Power Breakfast of 2026 explores how family businesses balance legacy and innovation
Photo by GFBJAnother successful Power Breakfast is in the books. The Greater Fayetteville Business Journal hosted its third quarterly Power Breakfast of 2026 on Tuesday, Sept. 29. Local leaders and decision-makers gathered to network and learn from the panel about how established principles drive long-term stability while allowing for operational evolution. The panel featured Managing Partner of Luigi’s Italian Chophouse & Bar, Nate Ernst; Inside Sales at Hubbard Supplyhouse, Mary Grace Hurley; Chief Operations Officer for Copiers Plus, Drew Smith; and CEO of Holmes Security Systems, Stephen Wheeler. The panel was moderated by Lauren Willets, director of the Family Enterprise Center at UNC’s Kenan-Flagler Business School. Throughout the discussion, the panelists returned to a common idea: family businesses thrive when they preserve the relationships and values at their core while remaining open to change.Each panelist shared personal stories that carried practical lessons. Stephen Wheeler emphasized the role of relationships with customers and employees, saying, “What makes a family business successful today is relationships.” Mary Grace Hurley echoed Wheeler’s sentiment, describing relationships as a lasting inheritance, including a customer connection that began when she was young and continued into her working life. “If something’s given to you, that’s going to cost you too,” added Nate Ernst. He explained this philosophy by sharing that, in his view, earning responsibility builds credibility and confidence.Another hot topic was the idea of tradition versus change. For these businesses that have been around for a century or even more, it can be difficult to escape the “we’ve always done it this way” caveat, but these speakers emphasized how change has been an integral part of their growth and longevity. A family business can honor its history without being bound by it.“Innovation and tradition–they don’t have to be competing with one another,” shared Hurley. She pointed to changes in how businesses operate, including the adoption of computers and new management practices. Ernst stressed that adaptation is essential, while Wheeler described how his family’s electrical contracting business had evolved into a security-focused company. The details of the work may change, but identifying and upholding core values is key to embracing change while maintaining the character of a business. “I think it’s just important to remember why you started in the first place. What was your mission? What are your core values? And to reevaluate those,” shared Drew Smith.In addition to the first-hand accounts and wisdom shared by panelists, Moderator Lauren Willets recommended two novels during the panel for those seeking additional educational resources. Those two novels are “Hug of War: How to Lead a Family Business with both Love and Logic”by Cathy Carroll and “In the Company of Family: How to Thrive When Business Is Personal” by Melissa Mitchell-Blitch. Preparing the next generation requires more than handing over a title or company. Wheeler argued that future leaders need genuine passion and a vested interest in the business. The panelists were in agreement that succession is a process, and there is not one clear answer for how to perfectly prepare for it. Leaders must cultivate readiness, keep communication open and make room for the next generation to earn responsibility while being sure not to neglect the business in the here and now. “Today’s Power Breakfast was one of our best events yet! Between the passion and in-depth knowledge of the panelists, the great audience questions and the guidance and expertise of Mrs. Willets, the conversation was both engaging and informative,” shared GFBJ Publisher Faith Hatton. “A lot of small businesses in Fayetteville are family-owned and grown, and it’s great to be able to spotlight some of the businesses that have stood the test of time by strengthening the next generation of leadership and preparing them for ownership. I hope everyone received some inspiration and ideas that they can bring back to their own businesses and organizations!”We thank everyone who attended this Power Breakfast and hope you’ll all join us for the next Power Breakfast on Dec. 8. Details about the event will be shared on our social media and in future email updates. To learn about becoming a Power Breakfast sponsor, contact the Greater Fayetteville Business Journal at 910.240.9697 or marketing@bizfayetteville.com.
Family businesses power the US economy, but succession poses a major challenge
Goldman Sachs discusses why conflict resolution and capital structure decisions are vital for family business succession planning long-term.
Business owners want integrated advice – and almost half aren't getting it
Advisors explain how to diversify business equity, build succession safeguards and keep exit plans current
Sports media insider: CBS, Prime could tangle over Ian Eagle potentially succeeding Al Michaels on TNF
Ian Eagle to Amazon’s Thursday Night Football is a more complicated succession plan than it appears. Appearing on Puck’s The Varsity podcast with John Ourand, The Athletic’s Andrew Marchand said that while Prime Video has its sights set on Eagle as the eventual replacement for Al Michaels, CBS has no interest in letting him walk,…
Art that serves others: How a Harnett County muralist is making a lasting mark in her community
Van Goat Studios, which has been operating since 2019, has allowed Johnson to express herself and reflect the spirit of local communities through murals. Photo provided by Elyse Johnson.Elyse Johnson of Van Goat Studios in Dunn wants to spread her artistry and make a lasting mark in her community. Van Goat, which has been operating since 2019, has allowed Johnson to express herself through murals and decorating electrical boxes in the urban landscapes of North Carolina. On top of traditional mural painting, Johnson offers what she calls “portable murals,” an option tailor-made for structure owners who do not want to commit to a design for their wall.“A contractor builds a framed piece of wood, and then they can frame the ‘mural’ onto the wood, whether it’s into their building, whether it’s interior or exterior,” Johnson said. The beginnings of Johnson’s journey into establishing Van Goat Studios reflect the teachings she wants artists to take away today: everything is a learning opportunity. When she started Van Goat, she shared it was a joint venture with a business partner. “I mainly did that because I didn’t feel like I was ready to go and do this on my own,” Johnson said. Her business partner eventually dropped out of the project, deciding she wanted to pursue other forms of art. That is when Johnson was thrust into growing her business on her own during and in the aftermath of the COVID-19 pandemic. “I had built up my confidence enough to go out and reach new heights,” she said. “And I was probably one of the few that benefited from COVID.”The moment presented a silver lining for Johnson. One of her first projects was a Farmers Day mural for the town of Coats. “When COVID-19 hit, Coats was not able to hold their annual festival, so they had a little bit of savings. They decided they wanted to do something for their community without getting anyone sick,” Johnson said.From there, word of mouth spread. Now, Johnson has an organic way of approaching projects. “Like a lot of muralists, if I feel inspired by a building, I will just go up and talk to that building owner and tell them a mural is something they should consider,” Johnson said. But above all, Johnson says she wants art to be accessible to everyone. Johnson said she is trying to stick to projects that benefit “the little guys.” “I’m not trying to go for a project in downtown Raleigh to get the eight-foot-tall building,” Johnson said. “I’m not trying to go to those major cities and get those huge buildings for two reasons: one, I don’t want to go that high; two, my passion really lies with the small guys.” But due to financial constraints and the material reality of art commerce, that requires open communication, she added. “I don’t want to just snowball you with this huge price, and then you just shut me down because it wasn’t what you were thinking,” Johnson said. “At the same time, I am an advocate for the arts, so I’m not going to give you a $10,000 mural when you’re only going to pay $5,000.” There is a healthy balance in explaining the artistic process and working with clients and the surrounding community, Johnson said.“Your municipality invested this, and this is why they invested this, and this is how it’s going to help and improve your community,” she noted. “Same thing when I’m talking to a small business. You asked for me to come at you with this that is outside your budget. How do we make this still your same exact goal, but within your budget lines?” Johnson also provides lessons to aspiring artists. She does so with a mission: how do you master the balance between being a great artist and a competent business owner? “We still do art lessons, but I’m also going to give you business scenarios,” she noted.One of the scenarios she has come up with for her students is a T-shirt competition. “The kids have to think about ‘okay, I can’t just draw whatever I want on a T-shirt. I need to think about what colors Miss Elyse likes. What does Miss Elyse’s logo look like? What would Miss Elyse like?’” Johnson said. “So the design needs to be around that kind of concept.” As Johnson looks toward the future of Van Goat Studios, she is thinking of time, longevity and succession. Johnson is a new mom, which she said has shaped how she sees the future of the studio.“I still want my name and my business out there continuing, so that when my daughter is of age and she can be more independent, then I can be out there doing more and more,” Johnson said. “I would love to get a student to pass this on to, or an intern. I would love for this business to be passed on to the next generation and let them go.”
Keep It Durham-Owned Initiative Aims to Expand Employee Ownership of Local Businesses
Most business owners don’t have a succession plan in place. A new city program aims to help them pass on their businesses to workers.
Xi’s visit will fuel more scrutiny over his health
China’s Communist Party does not have clear rules of succession if a leader becomes incapacitated or dies, and Xi Jinping magnified the uncertainties by overturning retirement norms.
Farm succession stories: You can go home to the farm
An Ord, Neb., native and UNL agribusiness major found an enterprise that adds value to the farming operation and allows him to return to the family farm.
Liverpool U21's show 'character' in shootout win over Rochdale
Boss Rob Page hailed the "character and resilience" of his Liverpool U21's side as they drew 3-3 against Rochdale in the Jersey Mike's Trophy while down to 10-men. Mor Talla Ndiaye was sent off in the first half for Liverpool before Devante Rodney broke the deadlock for Rochdale. Liverpool equalised before the break with a great solo goal from Will Wright, but Rochdale scored twice in quick succession in the second half through 41-year-old Ian Henderson.
Research: The True Cost of Corporate Scandals? Talent.
New research tracking millions of career moves shows that corporate misconduct carries a significant hidden cost: voluntary employee departures. An analysis of 735 large public companies found that regulatory violations equal to 5% of annual revenue were associated with a 3.9% increase in departures. Turnover rises sharply when violations are geographically widespread, occur in rapid succession, or expand into new categories of misconduct. Employees who leave also tend to join companies with cleaner regulatory records, giving responsible competitors a recruiting advantage. Companies should treat compliance as a talent issue, monitor patterns of misconduct alongside attrition, and respond to violations with credible accountability to protect their workforce and reputation.
Bellamy right to speak to Burnley
Football Association of Wales (FAW) chief football officer David Adams discussed the governing body's succession planning amid concerns boss Craig Bellamy could have joined Burnley in the summer.
Succession planning questions for Rochester small business owners preparing for retirement
Commentary: Nicholas Norvell outlines key succession planning questions for Rochester small business owners to prepare for retirement and ensure smooth transitions.
3 keys to navigating business crossroads: Growth, succession, exit strategies
Navigate crossroads with confidence when you consider this expert insight.
How to kick-start a farm succession conversation
Farm succession planning can get complicated, but avoiding the subject is a surefire ticket to trouble. Here’s how to start the conversation.
Canfield Interiors marks 50 years with enhanced services, leadership transition
Happy half a century to Canfield Interiors! They're marking the milestone with not just a celebration but a successful succession.
Multi-generational business expertise: How legacies in local businesses find sustained success
Join us Sept. 29 for our third Power Breakfast of 2026 as business leaders share how they leverage decades of institutional wisdom. The Greater Fayetteville Business Journal invites you to join us for our third quarterly Power Breakfast, The Family Business Advantage: How Third-Generation Leaders Drive Longevity and Innovation, where business owners, executives and community leaders will come together to explore how multi-generational leadership creates lasting success. We are proud to welcome CEO of Holmes Security Systems, Stephen Wheeler; Director of Communications for Copiers Plus, Drew Smith; Inside Sales at Hubbard Supplyhouse, Mary Grace Hurley; and Managing Partner of Luigi’s Italian Chophouse & Bar, Nate Ernst, as our featured panelists. Representing the third generation of leadership within their family businesses, each brings a unique perspective on honoring decades of tradition while embracing new ideas, technologies and strategies that drive long-term growth. Together, with moderator Lauren Willets, Director of the Family Enterprise Center at UNC’s Kenan-Flagler Business School, they will share the challenges, opportunities and lessons learned from leading established organizations into the future.“Growing up in a family business gave me a unique perspective on what business can be. I saw the pride my grandfather and father took in knowing someone was a Copiers Plus customer, and the deep responsibility they felt to support our employees and the families who depended on the business. Seeing that sense of connection firsthand is what drew me to the business, and the legacy they built continues to drive me today. I’m excited to be part of the conversation about how family businesses can honor what previous generations built while continuing to grow and evolve for the future,” shared panelist Drew Smith. “We are so excited to welcome our panelists highlighting long-standing Fayetteville family businesses. This theme has certainly piqued the interest of the business community even beyond Fayetteville. I’m excited to pass the moderator baton over to Lauren Willets. With her background and expertise in the subject, she’s sure to unlock some great talking points and perspectives that will keep the conversation fresh and interesting to our guests. “We are so excited to welcome our panelists highlighting long-standing Fayetteville family businesses. This theme has certainly piqued the interest of the business community A third-generation family business is quite an impressive accomplishment, and we look forward to examining their secrets to a successful succession at this upcoming Power Breakfast!” shared Greater Fayetteville Business Journal Publisher Faith Hatton. Join us at the Cape Fear Botanical Garden for an inspiring morning of networking, thought-provoking discussion and actionable insights into the power of continuity, strategic evolution and visionary leadership. Whether your organization is family-owned or simply focused on creating a lasting legacy, you’ll leave with ideas that can strengthen your business for generations to come.To learn about becoming a Power Breakfast sponsor, contact the Greater Fayetteville Business Journal at 910.240.9697 or marketing@bizfayetteville.com. Tickets are on sale now. Reserve your seat by going to fayettevillepowerbreakfast.com.
Fayetteville Technical Community College, North Carolina Military Business Center announce executive leadership transition
FTCC and the North Carolina Military Business Center (NCMBC) announced a succession of executive leadership.
Watching Your Wallet: How to start a business succession plan
For family business owners or those thinking of starting one, planning who will run your company after you leave may not be top of mind.
BridgePort Financial Solutions Appoints Osaic M&A Leader to Senior VP of Business Development
BridgePort Financial Solutions ("BridgePort"), a registered investment adviser (RIA) dedicated to helping fee-only advisors achieve their growth and succession goals, announced the appointment of RIA industry veteran Tina Decker to the role of Senior Vice President of Business Development. In this role, she will lead M&A strategy and execution to accelerate the firm's growth.
Prince Hisahito turns 20 as Japan’s government reinforces male-only succession rules
Japan’s Prince Hisahito has turned 20 while facing growing attention as a future monarch.
Prince Hisahito turns 20 as Japan's government reinforces male-only succession rules
Japan’s Prince Hisahito has turned 20 while facing growing attention as a future monarch. The prince's birthday Sunday came as Japan's government implements an unpopular revision to the Imperial...
Leakers battle over whether third iPhone 18 Pro color will be silver or black
Based on a whole succession of leaks, there’s a clear consensus view on two of the three colors we can...
Stellar Entertainment founders complete management buyout succession
Stellar Entertainment founders complete management buyout succession
Release of Marine veteran from Russian custody turns focus to other detainees with health concerns
Robert Gilman is the latest in a succession of high-profile prisoners freed by Russia going back years, but his release hardly cleared the decks of Americans behind bars there
Okay, Boomer: Preparing for the generational ownership transfer
The Colorado Succession Through Apprenticeship Program would turn two problems into one solution: a state-coordinated pipeline that trains graduates to evaluate and operate existing businesses, then connects them to owners ready to show them the ropes and eventually hand over the keys.
A Sister’s Succession
Thrown into office and an unexpected campaign, Darline Graham is running on her brother’s legacy—but making clear that she’s different.
WHO RUNS MARYLAND POLITICS NOW?
ByThe Maryland Wire The Machine Didn’t Die — It Broke Apart Mike Miller is gone. Steny Hoyer is retiring. The two men who helped define Maryland political power for generations are disappearing from the map. Nobody has inherited all of what they controlled. Instead, Maryland power has fractured among Wes Moore, legislative leaders, county organizations, federal figures and a new generation fighting to connect the pieces. By The Maryland Wire For decades, there were two names in Maryland politics that required almost no explanation. Mike Miller. Steny Hoyer. You didn’t necessarily have to agree with them. You didn’t even have to like them. But everyone understood something: Not social-media power. Not cable-news power. Not the temporary power that comes from one big election. They possessed political infrastructure. Relationships. Institutional memory. Donors. Staff. Allies. County leaders. Lobbyists. Legislators. Operatives. And the ability to connect people who needed something with people capable of delivering it. Today one is gone. The other is preparing to leave Congress after more than four decades. And Maryland faces a question it hasn’t had to answer in generations: The answer may be: Nobody. At least not the way Miller once did. Maryland’s old machine wasn’t inherited by one person. It fragmented. And now several ambitious political networks are competing to assemble the pieces. Miller presided over the Maryland Senate for 33 years, becoming one of the longest-serving legislative leaders in American history. He stepped down as Senate president in 2019 and died in January 2021. (Behavioral and Social Sciences) But Miller’s real power wasn’t the title printed on his door. It was the accumulation of relationships behind it. Miller came from Maryland’s old Democratic organization and developed into an extraordinarily adaptable political operator, retaining authority even as the Senate around him became younger and more liberal. (The Washington Post) He understood something fundamental: politics is information. Who wants what? Who owes whom? Which senator needs help? Which county executive wants something in the budget? Which committee chairman can move a bill? Which lobbyist represents which client? Which candidate should receive support today because that candidate could be a senator ten years from now? Miller knew the answers because he’d spent decades collecting them. Miller’s influence wasn’t confined to elected officials. Former Miller aides became prominent Annapolis lobbyists. Maryland Matters noted figures such as Joseph Bryce and Timothy Perry among the high-profile lobbyists who had once served as top Miller aides. (Maryland Matters) That was one of Miller’s greatest political achievements. He didn’t merely accumulate power around himself. He produced alumni. Staffers became lobbyists. Legislators became committee chairs. Allies became power brokers. And decades of relationships reinforced one another. By the end, Mike Miller wasn’t simply a person. He was an ecosystem. Hoyer’s network was different. Miller’s power was rooted in Annapolis. Hoyer connected Maryland to Washington. He served in the Maryland Senate before winning election to Congress in 1981 and ultimately became one of the longest-serving members of the U.S. House and a longtime No. 2 in House Democratic leadership. In January 2026, Hoyer announced that he would retire rather than seek another term. (The Washington Post) His influence stretched through: Prince George’s County, Southern Maryland, Congress, federal agencies, donors, campaign organizations, and generations of Democratic candidates. And Hoyer had something machine builders value enormously: a succession network. That became obvious almost immediately. When Hoyer announced his retirement, Maryland’s 5th Congressional District exploded with candidates. Twenty-four Democrats entered the race. But when the votes were counted, the winner was Adrian Boafo, Hoyer’s former campaign manager. Boafo wasn’t running without establishment help. He was endorsed by Hoyer. He was endorsed by Governor Wes Moore. And he ultimately won the Democratic nomination. (AP News) In his victory speech, Boafo described the result as voters deciding it was time to “pass the torch to a new generation of leaders.” (AP News) That phrase captures the transition perfectly. Hoyer’s seat isn’t simply being vacated. Parts of his network are being transferred. But they aren’t being transferred to another Steny Hoyer. They’re being absorbed into a newer political constellation. And standing prominently inside that constellation is Wes Moore. If someone forces you to name the single person sitting nearest the center of Maryland Democratic politics today, the answer is Governor Wes Moore. The 2026 Democratic gubernatorial primary underscored the scale of his position. Moore won renomination overwhelmingly, receiving roughly 88% of the Democratic primary vote. (WBAL-TV) But raw votes tell only part of the story. Look at the party infrastructure. The Maryland Democratic Party says Steuart Pittman ran for state party chairman in 2025 “at the suggestion of Governor Wes Moore.” Pittman took office that July. (The Maryland Democratic Party) That’s important. Governors traditionally influence their state parties. But party leadership plus fundraising, endorsements, executive appointments and national relationships creates the beginning of something bigger: a political network that could survive the governor’s term. Moore also played a role in the Hoyer succession by backing Boafo. That’s how political organizations reproduce themselves. You support tomorrow’s politician today. And that’s the distinction that matters. Moore has enormous statewide visibility. Miller had decades of accumulated legislative control. Moore can endorse candidates. Miller could influence the environment in which legislators lived every day. Committee assignments. Leadership positions. Legislative priorities. Relationships that had been accumulating since before many current lawmakers entered politics. Moore may have a larger national profile than Miller ever possessed. But he doesn’t possess Miller’s half-century of Annapolis memory. Nobody does. Which is why the modern Maryland political structure looks less like a pyramid and more like several power centers connected by overlapping relationships. One of those centers belongs to Senate President Bill Ferguson. Ferguson controls an institution no governor can simply command. The Senate. Maryland’s official 2026 legislative records identify Ferguson as Senate President. (Maryland General Assembly) That means influence over: committee structure, Senate leadership, legislative priorities, confirmations, and negotiations with the House and governor. But Ferguson is not Mike Miller 2.0. Miller’s extraordinary longevity allowed him to become almost inseparable from the institution. Ferguson possesses the office. Miller possessed the office plus decades of political mythology and accumulated relationships. Those aren’t the same thing. The House now has its own new center of gravity. Official 2026 legislative records identify Joseline Peña-Melnyk as Speaker of the House of Delegates, alongside Ferguson as Senate President. (Maryland General Assembly) That makes the current Maryland governing triangle: Executive power. Senate power. House power. None fully controls the others. And that fact alone demonstrates how different modern Maryland is from the Miller era. The governor proposes. The legislature disposes. Committee leaders negotiate. County interests intervene. And political coalitions shift issue by issue. That’s not one machine. That’s a networked power structure. Then there’s U.S. Senator Angela Alsobrooks. Her significance isn’t that she is the new Hoyer. She isn’t. Hoyer spent decades constructing his network. Alsobrooks brings something different: Prince George’s County roots, a statewide electoral organization, a United States Senate platform, and relationships with national Democratic leaders. That makes her a critical bridge between Maryland and Washington at precisely the moment Hoyer leaves. Hoyer’s retirement therefore doesn’t necessarily weaken Prince George’s influence. It changes who carries it. Prince George’s itself is undergoing a dramatic generational transition. Official 2026 results show Aisha Braveboy winning the Democratic County Executive primary with 87,944 votes and 73.31% of the vote. (Maryland State Board of Elections) That’s political infrastructure. Prince George’s is one of Maryland’s central Democratic vote engines. A county executive with that level of primary support gains: appointments, budget influence, organizational relationships, donor access, and a platform for cultivating the next generation of political leadership. Braveboy therefore isn’t merely another person on the Maryland power map. She controls a place from which a political organization can be built. Boafo is particularly interesting because he sits almost perfectly at the intersection between the old and new worlds. He worked for Hoyer. Hoyer endorsed him. Moore endorsed him. Then Boafo beat an enormous Democratic field for Hoyer’s seat. (AP News) That doesn’t make him powerful on Hoyer’s scale. He’s just beginning. But it illustrates how power actually transfers: not through a ceremonial handoff, but through endorsements, donors, staff, relationships, and voter confidence. Boafo may become Hoyer’s congressional successor. He will not automatically inherit Hoyer’s 40-plus years of political capital. That part has to be rebuilt. This is the part that often gets overlooked. When a machine breaks apart, power doesn’t only move upward. Some people’s relationships become less valuable. Former Miller aides still know Annapolis. Former Miller allies still possess institutional memory. Veteran lobbyists don’t forget how legislation works. But something fundamental disappeared when Miller did: the common center. The person capable of connecting all of them instantly was gone. That changes the value of a political network. Imagine knowing everybody in Annapolis. Useful. Now imagine the person who introduced many of those people, appointed committee chairs, influenced Senate priorities and understood decades of relationships is simultaneously Senate President. Much more useful. Remove that person and the individual relationships remain. But the system becomes decentralized. First: Bill Ferguson. The Senate’s institutional relationships now run through his leadership rather than Miller’s. Second: the House leadership. With the Miller-Busch generation gone, today’s House leaders are building their own committee chairs, alliances and relationships. Third: Wes Moore. Moore became governor after Miller was gone. That distinction matters. Earlier governors had to operate with Miller sitting across State Circle. Moore entered office during a generational reset. Instead of negotiating with the old machine, he has the opportunity to help build the next network. Fourth: Angela Alsobrooks and the emerging Prince George’s generation. Hoyer is leaving. Miller is gone. The county’s political leadership now belongs to another generation. Fifth: politicians who were outside the old Miller organization. When someone dominates an institution for 33 years, inevitably some politicians develop within that organization and others outside it. Miller’s departure created room for people who may never have risen as quickly under the old structure. That’s the biggest point. If Mike Miller’s power had simply transferred to Bill Ferguson, Maryland would still have a machine. If Hoyer’s influence simply transferred to Boafo, Maryland would still have a machine. If every county leader simply took orders from Moore, Maryland would have a machine. None of those things happened. Instead: Moore controls the statewide executive platform. Ferguson controls the Senate. Peña-Melnyk controls the House. Alsobrooks has statewide and federal reach. Braveboy has Prince George’s executive power. Pittman leads the state Democratic Party after Moore encouraged him to seek the role. (The Maryland Democratic Party) Boafo represents the beginning of the post-Hoyer congressional generation. And Baltimore, Montgomery County, organized labor, donors and other county organizations maintain their own centers of influence. That’s not one machine. If you want to understand where Maryland power is moving, don’t simply watch office titles. Watch endorsements. Who does Moore support? Who does Alsobrooks support? Who gets Ferguson’s allies? Who gets House leadership? Who gets Hoyer’s blessing? Who gets labor? Who gets major donors? And most importantly: That is where the new Maryland network becomes visible. The Boafo race was a textbook example. Hoyer’s successor didn’t emerge randomly from 24 candidates. He had ties to the outgoing incumbent and support from the governor. The old network and the emerging one overlapped. And voters chose him. (AP News) Moore may ultimately become the most important person in determining whether Maryland develops another durable statewide political organization. But the test isn’t whether Moore himself remains popular. The test is what happens to the people he supports. Which delegates become senators? Which senators become committee chairs? Which county officials become executives? Which staffers become candidates? Which appointees become statewide leaders? Who gets his donor network? Who gets his political advisers? Who eventually gets his endorsement when Maryland faces a post-Moore gubernatorial succession fight? That’s how we’ll know whether Moore was merely a successful governor— or the founder of another generation of Maryland power. There’s another category worth watching: politicians who came from Miller’s Maryland but remain active in the new one. Dereck Davis is one. Anthony Brown is another. Veteran legislators and former officials throughout the state still possess old relationships that newer politicians don’t. These people can function as bridges. That’s important because political systems rarely reset completely. The new machine usually grows partly from pieces of the old one. Donors don’t disappear. Lobbyists don’t disappear. Operatives don’t disappear. Institutional memory doesn’t disappear. They find new centers of gravity. If you want one name: His overwhelming 2026 Democratic renomination, executive authority, national profile and influence within the Maryland Democratic Party make that difficult to dispute. (WBAL-TV) But saying Moore “runs Maryland” the way Miller once ran the Senate would oversimplify the reality. Maryland power today looks more like this: WES MOORE Statewide organization.Appointments.Fundraising.Executive government.National Democratic relationships. BILL FERGUSON The Senate.Committees.Confirmations.Legislative leverage. JOSELINE PEÑA-MELNYK The House.Committee leadership.Budget and legislative leverage. ANGELA ALSOBROOKS Statewide electoral organization.Federal platform.Prince George’s relationships.National Democratic connections. AISHA BRAVEBOY Prince George’s executive organization.County government.A major Democratic vote base. THE POST-HOYER GENERATION Boafo and the emerging political class that will have to rebuild Hoyer’s Washington-Maryland network rather than simply inherit it. It did something more interesting. Mike Miller’s influence was too personal, too old and too deeply rooted in his own relationships to be inherited whole. Hoyer’s network is too extensive and too intertwined with decades of congressional politics to fit neatly inside one successor. So the pieces are moving. Toward Moore. Toward Ferguson. Toward Peña-Melnyk. Toward Alsobrooks. Toward Braveboy. Toward younger candidates and new county organizations. And toward veteran political survivors who understand both eras. That’s the next chapter of Maryland politics. The person who eventually connects: Annapolis, Prince George’s, Montgomery County, Baltimore, labor, business, donors, the Maryland Democratic Party, and the congressional delegation will possess something Maryland hasn’t truly seen since Miller’s heyday. Not merely another elected official. And maybe that’s why searching for “the next Mike Miller” is the wrong exercise. There may never be another one. The more important question is: Miller spent half a century becoming that person. Hoyer spent decades becoming another version of it. Maryland’s current political leaders are still competing for the privilege. And until somebody actually connects all those pieces, the most accurate answer to the question “Who runs Maryland?” may be the most fascinating one of all: No one does. Not anymore. But there are plenty of people trying. Sources University of Maryland and Maryland Matters — Miller’s 33-year Senate presidency and political legacy. (Behavioral and Social Sciences) Washington Post historical reporting — Miller’s rise from Maryland machine politics and ability to retain power as the Senate evolved. (The Washington Post) Maryland Matters — former top Miller aides who moved into Annapolis lobbying and the changing Senate power structure. (Maryland Matters) Washington Post and Reuters — Hoyer’s January 2026 retirement announcement after more than four decades in Congress and his long Democratic leadership career. (The Washington Post) Associated Press — Adrian Boafo’s 2026 victory in the Democratic primary to succeed Hoyer, including Hoyer and Moore’s support and Boafo’s “pass the torch” remarks. (AP News) Maryland Democratic Party — Steuart Pittman’s official biography stating that he sought the state chairmanship at Moore’s suggestion. (The Maryland Democratic Party) Maryland General Assembly — official 2026 records identifying Bill Ferguson as Senate President and Joseline Peña-Melnyk as Speaker. (Maryland General Assembly) Maryland State Board of Elections — official 2026 Prince George’s County results showing Aisha Braveboy’s dominant County Executive primary victory. (Maryland State Board of Elections) 2026 election reporting — Moore’s overwhelming Democratic gubernatorial primary victory. (WBAL-TV)
How wealthy families can prepare for aging parents and avoid a succession crisis
Relatively few wealthy families are addressing the question of when an aging parent should give up control, advisors and lawyers told CNBC.
On the Hill: New Leadership for House Health Panels
While the Democratic succession appears largely settled, the race for the top Republican position on the Ways and Means Health Subcommittee remains wide open.
The Next Career Ladder Is Business Ownership
Citizens’ Mark Valentino argues that the next generation of entrepreneurs does not necessarily need to build a company from scratch to own one. Valentino examines the succession wave facing America…
Family business succession - lessons from The Odyssey
Discover four lessons from The Odyssey on family business succession, mentorship, next-generation engagement and leadership development today.
The ninety minutes! Moving day comes early in gloomy Galle
A rain-hit Day 2 in Galle turned into a frantic 90 minutes as Sri Lanka's bowlers struck in quick succession, dismissing India's overnight batters and bringing the hosts back into the contest. Devdutt Padikkal's 167 and a crucial lower-order stand kept India in control, but the pitch is beginning to offer the turn and bounce expected in Galle.
Home Depot’s CEO Leave Is a Reminder Every Business Needs a Succession Plan
Organizations can navigate unexpected leadership change by planning for uncertainty and preparing detailed succession plans.
Liechtenstein changes its rules to allow women to inherit the Alpine principality’s throne
Liechtenstein’s royal house says the tiny country’s rules of succession will be changed so that a woman could in the future inherit the principality’s throne.
Why Family Businesses Lose Control
Family businesses often fail to prepare the next generation for their most important role—not as executives, but as owners. As a result, families can gradually lose the ability to direct the enterprise, not because of a single crisis but because ownership capability erodes across generations through predictable governance and succession mistakes. To preserve long-term control, family businesses must deliberately develop owners who can exercise sound judgment, govern effectively, and hold management accountable.
Pelosi wages war over her succession
The former speaker is mobilizing her political network to stop Scott Wiener, a prominent California state senator, from succeeding her.
Passing the torch: Cleveland’s next generation of small-business owners may already be here
Cleveland’s population has fallen 60% in the past 75 years. As currents business owners approach retirement, Richard T. Herman presents a succession strategy involving the next generation.
Omada Health (OMDA) Could Be 4% Undervalued As Record Earnings Reset The Debate
Omada Health (OMDA) drew investor attention on 6 August 2026 after reporting record second quarter results, raising full year 2026 guidance, and outlining a planned CEO transition effective 1 January 2027. See our latest analysis for Omada Health. At a latest share price of $23.67, Omada Health has seen a sharp shift in sentiment, with a 1 day share price return of 21.14% and 7 day share price return of 19.30% around the earnings beat and CEO succession news. That sits within a stronger...
McConnell's absence puts Trump agenda at risk as Kentucky succession questions grow
Andy Beshear says the Aug. 3 deadline has no legal impact on his options, but Mitch McConnell's absence leaves Republicans one vote short on key items.
Garfinkel steps away as Dolphins president. Sillman takes on larger role. Details
Dolphins announce changes in leadership. Here’s the team’s succession plan and more.
Rochester panel highlights early planning for successful business transitions
Rochester experts emphasize starting succession planning three to five years ahead with clear owner goals and strategic preparation for business transitions.
LVMH - The Business With A Governance Problem, Not A Succession One.
All eyes are on the largest luxury empire as the question of succession continues to dominate the business. How will the business transition from its visionary founder?
Preparing for the next chapter: A business owner’s guide to succession and wealth planning
U.S. Bank's Texas wealth leader shares why business owners should plan succession early to protect their biggest asset and prepare for retirement.
Preparation drives long-term business growth
One of the things I enjoy most about working with New Hampshire business owners is hearing what they’re building toward. Whether it’s growth, succession or greater stability, our conversations are almost always about the future.
Eben Sadie: ‘Culture, not science, makes wine’
South Africa’s pioneering winemaker, a driving force behind the country’s new wave of winemaking, talks research, instinct and succession
After Lindsey Graham's death, sister joins long list of relatives who replaced late family members in Congress
From Julia Letlow to Adelita Grijalva, family succession in Congress has a long history that now includes Lindsey Graham's sister in the Senate.
Trump reveals who he's eyeing to replace Lindsey Graham
Trump called Rep. Russell Fry "outstanding" and hinted the South Carolina congressman could win the Aug. 11 special election for the open seat.
Succession fight is underway as calls mount for Graham Platner to drop out of Senate race
The allegation reported Monday prompted a chorus of calls for Platner to depart the high-stakes race against Republican Sen. Susan Collins, which could decide party control of the Senate.
Sheila Lodge, Mother of Santa Barbara’s Political Matriarchy, Dies at Age 97
The city’s first woman in a succession of female mayors dedicated her life to public service.
Succession fight under way as Bernie Sanders calls for Platner to drop out of Maine Senate race
Vermont senator is latest figure to call for Democratic nominee to step down after sexual assault allegations
Succession does not mean you leave the business - Chicago Agent Magazine Top Coach
For many founders, owners and high-performing leaders, the word “succession” carries an uncomfortable weight.
FEATURE: Who will inherit Japan? Aging owners fuel new era of business succession
Like thousands of other Japanese business owners, Kisshokichi founder Kiyomi Akagi, who built one of the world's largest certified Kobe beef chains, faced the challenge of succession. To ensure his company's future, he sold a majority stake in the business.
Mitch McConnell Health Questions Raise Kentucky Senate Succession Issues
Kentucky changed its Senate succession law, but the law leaves unanswered questions that could become important if McConnell cannot finish his term.
What is a doublet earthquake? The science behind twin tremors
Several of the world’s most destructive earthquakes were actually two or more tremors occurring in rapid succession
Arch Announces Leadership Changes Across Insurance Business
Arch Capital Group and Arch Insurance North America announced a series of leadership changes this week, including executive promotions across its wholesale insurance platform, a planned CEO succession, and the retirement of a longtime property insurance leader.At the parent company level, Arch Capital previously announced that President and Chief Underwriting Officer Nicolas Papadopoulo will succeed Marc Grandisson as chief executive officer effective March 1, 2027. Grandisson will remain executive chairman following the transition.
Wilmington Startup IQExit Targets a Blind Spot in Business Succession Planning
Wilmington startup IQExit is aiming to change the way banks prepare for business ownership transitions by surfacing exit signals years before a company is sold. At its core, IQExit is an advisor-in…
How 'Avatar: The Last Airbender' season 2 delivers Toph and 'Fire Nation succession' (exclusive)
On set for 'Avatar: The Last Airbender' season 2 as the cast and crew preview what's to come (and look ahead to season 3).
Market Basket succession drama: Who will be the next CEO?
A recent promotion is fueling speculation that Arthur T. Demoulas's nephew is next in line to take over the grocery chain.
Liverpool admit summer signing just isn't good enough
Liverpool’s Alisson Becker succession plan began back in 2024. Sporting director Richard Hughes agreed a deal worth an initial £24m to sign Giorgi Mamardashvili from Valencia following a strong Eur...
Don Garber Joins the Latest Episode of 'Sportico Sports Business'
MLS commissioner Don Garber speaks candidly about the upcoming World Cup, MLS franchise valuations and his succession.
Don Garber Joins the Latest Episode of 'Sportico Sports Business'
MLS commissioner Don Garber speaks candidly about the upcoming World Cup, MLS franchise valuations and his succession.
Small-business owners could look to Wolfgang Puck for help with their biggest problem
We spoke to world-famous chef Wolfgang Puck about his son's growing role in his restaurant empire as he thinks through succession planning.
Inside Dylan Raiola's Nebraska divorce: NIL drama, family influence and Oregon's QB succession plan
Why one of college football's highest-paid players in 2025 is starting over as a backup
McKinsey studied 200 family business successions. The biggest problem wasn’t the heir — it was the outgoing CEO
New research across 50 countries finds family-owned businesses underperform for five years after a leadership transition — and the culprit is usually the person leaving, not the person arriving.
From leadership to succession, executive courses target wealthy families
Short business school programmes are helping scions prepare, moving into territory dominated by banks and advisers
Business Succession Planning panel hopes to give small business owners knowledge on how to plan for retirement
Topics included discussing with family and partners on how to transfer the business, and to who.
Business succession seminar helps aging entrepreneurs
The seminar starts at the Ore Dock Brewing Company from 2 p.m. to 3 p.m.
Many Small Business Owners Lack Financial Safety Net
Recent surveys reveal entrepreneurs struggle in financial resilience and succession planning.
Local Snapshot: Most Small Business Owners Aren’t Prepared for Succession, New Chase Survey Finds
New Chase survey data shows a significant gap between small business owners’ retirement timelines and their readiness to transition leadership. While nearly ...
Adieu, Élysée: the Macrons reflect on life after politics
As France’s succession race looms, the presidential couple start its farewell
Line of succession: Who was and was not at the White House Correspondents’ Dinner
CNN analyzed – through photos, videos and outreach to offices – who from the presidential line of succession was at Saturday’s event where the shooting incident occurred.
5 Steps for Small Business Succession Planning
In this course on the ASI Learning Network, Jeannette Rhodunda of ASI discusses important moves small-businesses owners should make to prepare firms for their next phase.
Naked mole rats wage bloody wars of succession to choose a new queen — but one colony did something scientists have never seen before
When their queen dies, naked mole rat females usually wage bloody battles of succession. But peace may be possible, a new study suggests
Bank of Hawaiʻi launches new Center for Family Business and Entrepreneurs
Center helps Hawaiʻi business owners plan for succession, unlock opportunity and navigate complexities of business, family and personal wealth.
Erica Schwartz, former deputy surgeon general, nominated to be next CDC director by Trump
The Atlanta-based CDC, which is charged with protecting Americans from preventable health threats, has been in turmoil since Trump returned to office more than a year ago, with a succession of mostly temporary leaders.
Boomers won't run politics forever. Gen Z isn't ready.
Courtesy | Unsplash The end of the baby boomers’ 40-year reign is almost at hand. The scepter will presently fall to a young generation that is staggeringly unprepared to receive it. Since the foreshocks of succession first began to rattle American politics in the early-to-mid-2010s, candidates and their parties began to pander to the youngest...
How a family succession feud positioned 2 New Orleans politicians to benefit
“We feel the system has failed us and our estate was used to benefit others."
What farmers can learn from other family business owners
Family farm businesses can adopt strategies learned from enterprises of all sizes to strengthen governance, leadership and succession planning.
Shared Success
Across Indiana, a growing number of company leaders are exploring employee ownership as a long-term business strategy. While employee ownership succession planning has been implemented across all …
Movie Review: Jittery, edgy and magnetic, Riz Ahmed takes ‘Hamlet’ for a spin
Riz Ahmed’s tense, modern ‘Hamlet’ adaptation features a corporate, ‘Succession’-like setting.
PNC Private Bank Research Reveals Business Owners Increasingly Want Integrated Financial Advice to Help Align Business, Personal Goals
PNC Private Bank® today revealed research findings exploring the intersection of business ownership and personal wealth. The findings are outlined in the inaugural "Business Owner Wealth Insights" report, which draws on a national survey conducted with Ipsos. The survey explores how middle-market business owners balance growth, succession and legacy for their businesses and personal finances.
DCM Acquires Ascot Elite Entertainment As Part Of Succession Plan
Swiss Film Distribution Merger: DCM Acquires Ascot Elite Entertainment As Part Of Succession Plan
Millions of jobs vulnerable as ‘silver tsunami’ looms over US small businesses, experts warn
Nearly half of U.S. small-business owners are 55 or older, and with many lacking succession plans, jobs and local economies could face disruptions in the coming decade, experts warn.