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Tony Simmons - Part 2: "Sunlight Is an Amazing Disinfectant"
How does a family keep a company for more than 150 years?
In part two of my three-part conversation with Tony Simmons, former president and CEO of McIlhenny Company, the makers of Tabasco, his answer starts with a puzzle: feed the family and feed the business, and find the balance between them.
From there, Tony takes me inside how his family works in and owns the company together. We talk about a shareholder agreement with an independent call price, how a 129-year-old company with no written business plan built best practice governance, and why a cousin on the board liked to say, "Sunlight is…
The skinny
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