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Succession
Max
Corporate Governance & Succession

The Roy Playbook: Power, Governance & Family Business

Waystar Royco is a case study in family capitalism, board dynamics, and the corrosive effects of unchecked founder power. Use the Roys to study succession, governance, and the ethics of concentrated ownership.

AdvancedProfessional development

Modules

Module 1

Founders, Dynasties & Control

Anchor scene

Logan at the birthday

In this module

  • Dual-class shares and control premiums
  • The founder-CEO transition
  • When loyalty becomes governance risk

Course outcomes

  • Diagnose governance failure in founder-controlled firms
  • Design succession plans that survive politics
  • Read a boardroom for coalitions and hidden agendas
  • Apply fiduciary duties to real deal situations