Michel David-Weill once told a friend that he had made a study of when families run places too long. He had concluded that “if he stayed on too long it would destroy the firm and if he got out too soon it would destroy him”. Recent events and criticism in France and the US may have moved up a tooth that ratchet of destruction and self-preservation, but there is no sign that David-Weill is ready to leave his patrimony to others.
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