Succession is always a headache in a small, privately held operation.  It's 
rare that the owner can pull out enough cash to develop an independent 
retirement plan.  More commonly, employees with a vested interest in the 
on-going success of the concern will assume greater responsibility over 
time, with a reasonable compensation arrangement for the owner.  It takes 
considerable time and detailed planning to make it work for all concerned.  
If you consider the ages and tenures of some of the employees,  Rivendell 
will continue to offer bikes not commonly found elsewhere for a long time 
to come.

But then, this has been my year to be wrong on a number of things, 
including the Cubs.  

dougP

On Friday, December 9, 2016 at 8:59:38 AM UTC-8, Stephen Kemp wrote:
>
> I've wondered for a while what will happen to RBW when Grant retires. Of 
> course he'll never really retire but there must be some point when he 
> starts to hand over to the rest of the crew. The latest Blug entry on 
> ROSCOs says "ROSCO has been an opportunity for others here to learn about 
> frame design. I shouldn’t be the only one."
>
> Looks as if the process is underway!
>

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