Pedigrees of power. (North Carolina's business dynasties) (Cover Story)

From: Business North Carolina | Date: March 1, 1994| Author: Martin, Edward | Copyright information

Fewer than 50 Tar Heel business dynasties have survived. Here are a few that did, and a lot that didn't.

During the raucous debate over the North American Free Trade Agreement, Ross Perot often complained that 36 families in Mexico controlled 39 companies generating more than 54% of that country's gross national product.

It's hard to believe now, but there was a time when business in North Carolina was as much a family affair as relatively undeveloped Mexico remain...

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