In a fascinating interview conducted by Steve Forbes, Donald Trump talks about his succession plan and how to potentially divide up his business among his children.  What becomes clear is that, while succession is a major decision for a CEO, a family business requires a parent to pick and choose among children. Trump also discusses the value of having cash in this interview.

If you admire Steve Forbes as much as I do, you’ll also appreciate this interview with Forbes from July of last year, in which he outlines ideas for helping the American economy revive from its slump, including changes to destructive government policies. Forbes offered these comments in a one-on-one interview with CarolinaJournal.tv before a presentation to a Heritage Foundation audience July 21, 2010, in Durham.