If meritocracy means that you promote the best person for the job, after taking into account the best alternative candidates, it seems strange and a coincidence that the best person for the job just happens to be the person with the same name as the founder, but younger.See article:
I do not believe in coincidences!
Onésimo Alvarez-Moro
Many of Australia's richest people keep it in the family when it comes to running the country's biggest businesses, Liliana Molina and Tony Grant-Taylor report
JAMES Packer's firmly set lip as he strode out of the company built into an $11 billion powerhouse by three generations of his family showed he meant business.
Only two days after the death of his father, Kerry Packer, the heir to Australia's richest man made it apparent he considered himself ready to take over Australia's biggest family-controlled business.
The corporate community had been wondering, long before last week when rumours began circling that Kerry was on his deathbed, whether investors would endorse James, 38, as the new master of PBL, the listed TV, magazine and gambling group controlled by the family's CPH.
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