The most interesting for Russia topic of inheritance of large business was raised in his publication by network analyst Dmitry Milin:
“In recent years, we have seen several dramas, when after the death of the founder and leader of their“ business empire ”the owners changed and there were practically no stories when this huge property went to direct heirs, and not to“ raiders”. Now we can observe the history of Natura Siberica with raider seizures, when the heirs have not been able to divide the property for six months.
In fact, for large and medium-sized businesses in Russia, ownership rights to enterprises are not guaranteed at all by law, but by the ties of founders and owners.
And now let's imagine what will happen with the passing of life (of course, I wish all the following ones long years and good health) Vagit Alekperov (71 years old, LUKOIL), Vladimir Yevtushenkov (72 years old, AFK Sistema), Alisher Usmanov (68 years old), Gennady Timchenko (68 years old, NOVOTEK), Leonid Mikhelson (66 years old, NOVATEK), Vladimir Lisin (65 years old, NLMK), Leonid Fedun (65 years old, LUKOIL), as well as other large businessmen of Russia, with the death of each of whom the division will begin (and most often not at all within the "framework of the law") of their "business empires", "business kingdoms" or even "business feuds".
Of course, people who are hostile to the rich, especially to the rich undeservedly, the fact that "the rich also cry" can bring joy, but for the employees of these "business empires", "business kingdoms" or even "business feuds", whose owners have died is not to be envied. Employees and enterprises themselves become victims of “raider” attacks, not all of which are aimed at intercepting property, and not at “raking” the business, after which only bad debts, stopped production and laid-off workers remain.
This also applies, by the way, to the generation of "princes" - children of the current Putin "elite" whose status and property is guaranteed not at all by law, but by the ties of their parents, which will be "zeroed" with Putin's departure from power..."
Judging by the comments to this post, some readers agree that several generations must change in the country for business to become sustainable:
“It all started with the fact that oligarchs and large owners were actually appointed by people who knew the country's leadership. And the ugly planted cannot grow beautiful. Only a generation or two later, you can look at survivability. And we still have the first generation on the throne..."
However, as others rightly point out, this can only happen if there are no more political upheavals. And this cannot be guaranteed in Russia:
“There is a classic saying: all large capitals are acquired by dishonest means, which to an almost complete, and often to an excellent degree, applies to the current RF-“ capitals ”. Those crumbs of the real economy that are now left from the USSR or were already created in the Russian Federation (there are such crumbs too!) Can hardly be considered the basis for the well-being of the entire country. So, in any case, the real economy of Russia will have to be rebuilt, including with the use of workers, but not managers, "who died from corporate raids." It is then that real protection of private property, obtained through legal means, and not through "privatization", "auctions", etc., will appear..."
And one of the readers cited the American experience as an example:
“Now in the United States, among the very rich, only 28% is hereditary capital. That is, inheritance taxes and the asset management transfer system are built in such a way that if the heirs themselves are not the top management of the business and its co-owners, but ordinary stupid and lazy children of rich parents, then in three quarters of the cases they will receive ears from a dead donkey, and not a business..."
On the whole, the pathos of the commentators was unambiguous: when instead of the current "Yeltsin wolves" come their corrupted procoke children, the task of eliminating the current ugly oligarchic capitalism will be greatly facilitated ...
However, there is also quite a non-violent experience in the seizure of property from the heirs. In Finland, for example, inheritance tax is 85 percent. It turns out that it is more profitable to sell assets from parents than to look for huge sums to pay off the debt to the state.