MONEY CAN’T BUY SOBRIETY –
Aug. 22, 2024 – Over the years, Hutcheson and ReGeneration managing partner Elle Hansen have developed theories about why drug or alcohol abuse appears prevalent among the heirs to a family business dynasty. Though the famous Anna Karenina principle applies to families—each unhappy family business is unhappy in its own way … Behind closed doors, substance abuse disorders are among the most common sources of conflict for families running companies, according to consultant James Olan Hutcheson, founder of ReGeneration Partners, in Dallas, which specializes in family-owned enterprises and has made helping those in which a member suffers from addiction a subspecialty. No broad research exists to confirm this, but Hutcheson believes there should be: When he analyzed the 270-plus clients he has worked with over 30 years, he found addiction lurked within more than 55% of cases.
