Saplings: Unstable Ground

Author: Even adjusting for the different risks of other eras and locations, it is striking how many of these entrepreneurs lost a parent early. Stan Shih (Acer), Amadeo Giannini (Bank of America), Larry Hillblom (DHL), George Eastman (Kodak), Fred Smith (FedEx), Jerry Yang (Yahoo), Carlos Slim (América Móvil), Jorge Paulo Lemann (3G Capital), Aristotle Onassis (Olympic Maritime), Harland David Sanders (KFC), James Dyson, Lorenzo Zambrano (CEMEX), Jim Casey (UPS), Li Ka-Shing (CK Hutchison), Frank Lowy (Westfield), Alfred Krupp all lost parents in childhood or adolescence. Konosuke Matsushita (Panasonic), Howard Hughes, Wang Chuanfu (BYD), Coco Chanel, and Leonardo Del Vecchio (Luxottica) were literally or functionally orphaned. Many more lost a parent in early adulthood. This is to say nothing of the siblings lost. John Rockefeller, Enzo Ferrari, Milton Hershey, and others all lived through the death of a brother or sister.

Author: Early loss. Many entrepreneurs become acquainted with death early, losing parents or siblings. This shortens their childhood, disrupts the family dynamic, and produces a deep sense of mortality. Disappointing fathers, dynamic mothers. When entrepreneurs were raised with two parents, often one has a much greater influence. A relatively common pattern is for the father to disappoint, while the mother provides support and drive. Earned love. The withholding of approval from a parent is common. In some instances, a parent does not merely withhold affection, but actively doubts their child’s worth or ability. In either variation, this seems to produce a strong desire in the child to over-prove their ability or worth to compensate. Status in motion. Rather than entrepreneurs clustering in certain economic classes, the dominant pattern is change. Founders often lived through shifting fortunes, viscerally experiencing the mobility of status. Imposed mythologies. Often, entrepreneurs are burdened with a family’s expectations. They are tasked with redeeming past failures, restoring a lineage, or justifying the sacrifices of parents and siblings. From an early age, identity and destiny is thrust upon them.

Author: Though noted in previous editions of this series, Saplings does not purport to explain everything about the individuals featured, or imagine that its observations are necessary to achieve entrepreneurial greatness. It does not attempt to make statistical observations or generalize across these populations. Rather, it is an accounting of the common patterns I find most meaningful, accompanied by my interpretation of them. Across the series, the goal is to study the formative years of extraordinary figures so as to better understand them, knowing that full understanding is not possible.

Author: José Ferrera wanted his money. A week earlier, the farmhand had labored in the orchards of Luigi Giannini, picking fruit. Though he’d received some payment, he’d been stiffed by a dollar. Or, at least that was his story. On August 14, 1876, he traveled back to the Giannini farm with a shotgun in hand. Perhaps Ferrera had only wanted to scare Luigi, but as their voices rose near the Giannini family home, he raised the barrel and killed the man. A few paces away stood a six-year-old Amadeo Giannini. As Ferrera fled, the boy rushed to his father’s side. There was nothing he could do. The evening of Luigi’s funeral, after the house had emptied, Amadeo’s mother, Virginia, held her son and explained that the world, and his place in it, had changed. “This is the last time I take you on my knees. From today, you are the man of the house.”