Businesses must learn to pass torch

Meyer, Bruce
June 2008
Rubber & Plastics News;6/16/2008, Vol. 37 Issue 23, p12
Trade Publication
The article reports that the company Corry Rubber is using a methodical approach to develop a succession plan in advance. According to Jay Simecek, program coordinator with the Ohio Employee Ownership Center, lack of a succession plan is the foremost cause of job loss or the closing of the business in Ohio. But Corry Rubber's owners Ernest Ferro Jr. and Jeffrey Ferro have no intention of letting this happen to their firm, and hence are making sure that their future is secure.


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