Inheritance
When Tattersall's was founded, George Adams structured the company so the original workers' families would inherit the profits. This created so-called "Tattersall's heirs": subsequent generations inherited a share in the company's profits. This was sometimes thought of as being unfair seeing people inherited the profits of a multi-million dollar company (that benefited from a state-granted monopoly on much of its business) simply through birth. In 2005 the company decided to list on the Australian Stock Exchange "Tattersall's heirs" were now allowed to sell their stake in the company and for the first time the public could buy into it. After the listing on the stock exchange local newspapers and other news media listed the names of these "Heirs".
Read more about this topic: Tatts Group
Famous quotes containing the word inheritance:
“Say not you know another entirely till you have divided an inheritance with him.”
—Johann Kaspar Lavater (1741–1801)
“As to honour—you know—it’s a very fine mediaeval inheritance which women never got hold of. It wasn’t theirs.”
—Joseph Conrad (1857–1924)
“Every third year you shall bring out the full tithe of your produce for that year, and store it within your towns; the Levites, because they have no allotment or inheritance with you, as well as the resident aliens, the orphans, and the widows in your towns, may come and eat their fill so that the LORD your God may bless you in all the work that you undertake.”
—Bible: Hebrew, Deuteronomy 14:28,29.