NAVIGATION

January 20, 2017

Florida CEO Trends

CEO Trends Survey Results and Reactions

The Economy in 2007, Emergent Issues, Property Values, Expanding Markets

| 12/1/2006

Michael Saunders
President, CEO & Founder
Michael Saunders and Company

Succession Plans

I'm 64, and about three years ago, I said to myself, "It's ridiculous to think you're going to live forever." My succession plan became my son, Drayton, who'd been running a wholesale bagel business in Santiago, Chile, for eight years. I went down there and said to him, "If you have an interest in becoming part of this company, there's a role for you."

He came to a management retreat, spent a lot of time talking with me and meeting with tax and business planners and decided it was time to come back. I built this business brick by brick, and because Drayton had a business himself, he knew what that takes. Drayton's arrival gave our managers confidence because they knew our company's core values weren't going to change. Each year, Drayton takes on more responsibility, and it gives everyone comfort to know he's growing in knowledge of the company and the industry.

Tags: Dining & Travel, Banking & Finance, Healthcare

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

In an interview with USA TODAY's video newsmaker series, Gov. Scott said what will matter in the end isn't Trump's current ratings — which are dismal by historic standards — but whether he delivers on what he promised during the campaign.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you support the repeal of Obamacare?

  • Yes
  • Yes, but only if a good replacement plan is in place simultaneously
  • Maybe, waiting to see if there will be a plan to replace
  • No

See Results

Ballot Box
Subscribe