Good Governance Depends on Family Trust
The Herschend family board is majority independent.
When you own stock in Apple, the employee at the Genius Bar doesn’t care that you’re a shareholder.
“But if a shareholder walks into one of our properties, there’s a good chance they’re a family member, and the employees know who they are,” says Andrew Wexler, the non-family CEO of Herschend Enterprises. “They’re going to maybe get nervous or anxious, because they want to make sure everything is as perfect as can be for that family member.