Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Mars Family Built a Private Candy Empire
The Mars family is one of the wealthiest in the world, yet their company has remained stubbornly private for over a century. This episode dives into how the third generation handed the CEO role to a non-family executive while retaining full ownership, the famous 'Five Principles' that govern every decision, and why the culture of secrecy has been a strategic advantage. We look at the founding by Frank Mars in 1911, the risky bet on M&M's during WWII, and the family council that navigated the transition from a family-run to a family-owned business. A story of discipline…
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