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.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1993
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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.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1993
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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.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1993
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