@Toddwith2ds: ...the President of the place, against his late father's explicit instruction, and they acquiesced.
Within six months, much of the major talent in various departments and two wholly-owned subsidiaries left, including the super-smart dude the late dad has instructed to be the President of the company. Then Gene wanted to outsource the accounting and personnel to AdminiStaff, and he did it, letting go folks who'd worked for his dad for years and decades, institutional memory...
@Toddwith2ds: ...and expertise. Within another six months, sales were down substantially, too many new-hires having to be brought up to speed and also not enough expertise left to really accomplish it effectively. Then there were worries about affording the floor of the nice office building they'd been in since the late 1970s. (This all happened in the late-1990s.) So he moved them to another, small city nearby, kind of a dumpy town at the edge of the metro area.
By 2002, they were history.