Inc.

PLAN THE PERFECT HANDOFF

Tips for retirement succession planning.

When A. Conrad Huffman was ready to retire from the Glendale, California, company that he co-founded with his wife, Helen, the succession seemed pretty straightforward. Their son, Eric W. Huffman, says he’d been groomed to succeed Conrad by working in every division of the company, Vege-Kurl, which specializes in making white-label cosmetics and other personal care products. By the late 1990s, Eric was

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