I'd love an HBO "Succession" style dramatization of this. I've always found family businesses so interesting. My first job was working directly for a perpetually "near-retirement" 70 year old man, that never stepped down. His son formed a rival agency, lawyers got involved. The old man carved out a niche from his agency and let the son run it (into the ground).
When the old man eventually died around 80 year old, he left the business 51% to his wife and 49% to his son, so the mom could keep him in check.
When she passed a few years later, the son got it all, and within a few years, they were completely out of business, and the son sold it for pennies.
All of this is secondhand from the head accountant (that had been there since the 80s) that the son fired immediately upon taking full control of the company. It really was a drama that should have been on television.