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Family

The first institution, and the one hardest to leave.

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11:40

Hermès

Thierry Hermès · 1837

Hermès is a vertically integrated French manufacturing company built on a hand-sewn stitch, sustained by family control, and monetised through scarcity-enforced pricing across 16 product lines.

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10:56

ABB

Charles Eugene Lancelot Brown · 1988

ABB is a post-merger industrial incumbent whose value lies in proven, regulated, physical infrastructure — not software, platforms, or scalability stories.

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10:50

AbbVie

AbbVie didn’t win the autoimmune market with science — it won with patents, pricing, and settlements.
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11:24

Aeroplan

Aeroplan isn’t a loyalty program—it’s a licensed data-and-redemption conduit owned, sold, and reacquired for CA$450 million.