Old North of England proverb. clogs to clogs in three generations.
Mind you there are plenty of examples of lavish spenders who blew all their brass quickly. I knew a bloke who was an Invalid Pensioner and won the Gold Lotto first division. In 18 months he was back at the DSS to reclaim his pension having spent, ****ed up, and punted nearly $2 mill.
URSUSMAJOR
Yeah I knew a chippie who won $1m and a year later was broke again.
There was one on the Gold Coast who got $670,000 as either a CTP or Worker's Comp lump sum settlement and got through it in 4 months mainly at Jupiters Casino. He was physically stuffed from his injuries and went to Centrelink to apply for a Disability Pension and was refused as a preclusion period applied and he could not get welfare assistance until after the expiry date of the preclusion period. Welfare Rights got him to apply for a Ministerial Act of Grace which the Minister quite rightly refused.
They do something similar in UK. They call it deprivation of assets There if you have a large sum in your bank a/c's and you spend it, give it away or whatever. They won't pay you welfare.
URSUSMAJOR
Oops , got my numbers wrong. Seems it was 4 people this week !
Last place I worked soon after started realised that out of 25 people the longest serving person had been there just under 2 years. HR did not see that there was a problem as the turnover rate was ‘normal’ for this department. Rest of business did not have the same level of turnover. The issue relates to a golden boy who could do no wrong and should never have been promoted. Once I realised it was not going to be solved left taking my team with me to the competition.
The goal is to stick around til Mrs trog gets a Melbourne transfer or if the turnover rate reaches one per week again . Not sure which will win out.
Also have a side bet going on how long a pallet of printing labels will live in front of the fire door. It’s been 8 days now !
Personally I would recommend staying on the rock and roll before joining me at this place.
Ps they have a low regard for landless too !
I know of another '3 generations
A building products company over here, started by Grandfather and built up... - who arranged the financial side such that his sons couldn't take out big chunk$ and fritter it away..
Was acquainted with the last of the line, who's father/son, see above, used to constantly complained of how his hands were tied.
Fast-Forward to today, where the company name - at least - still exists, though as a much smaller player. Went from 'all products' in their field, down to 'specialty / niche' stuff favoured by high-end 'artisan' builders.
Last I heard of #3, was him living on his launch, drinking away the profits... - Was told he sold it to a bigger fish who's kept the 'reputable' company name and separated it from their normal quality stuff.
Cunning grandfather put professional General Managers in place, - kept son(s) on fat drip-feeds and out of the vault.![]()
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