Succession is one of the most emotionally demanding decisions that those at the helm of family businesses must make, The Financial Times reports. Investors like family businesses, which generally prove more profitable and long-term focused than those run by hired CEOs. But they have one significant drawback: The question of succession. As founders get older, they must contemplate whether to sell or bequeath their companies to an heir — and if they should also name that heir CEO.

The chair of Tyson Foods may be regretting hiring his son: Amreeka’s largest meatpacking company recently promoted 32-year-old John R. Tyson — son of company chairman John H. Tyson and great-grandson of founder John W. Tyson — to chief financial officer. John Jr. is now under review by directors after he was arrested on charges of public intoxication and trespassing, raising concerns about his suitability for the role. Tyson Foods typically appoints “people into the CFO role who have 20-plus years experience in the finance track, and this reshuffle did the opposite,” a Credit Suisse analyst said in an investor call to discuss the company’s latest earnings release. CEO Donnie King defended the appointment: “Don’t forget he’s been involved in this business essentially his whole life,” King said on the call.

Some business owners go the Murdoch route, instigating a “ familial joust” to determine succession, the FT reports. Fox Corporation and News Corp’s 91-year-old chairman Rupert Murdoch for years put off naming an heir to his media empire from among his six children, a move that reportedly led to major infighting and an intervention from a family therapist, according to the New York Times. Murdoch flip-flopped between his sons Lachlan and James for years, provoking intense speculation on who would succeed him — until James’ chances bit the dust thanks to his involvement in the UK tabloid phone hacking scandal. The real life drama served as inspiration for HBO’s Succession.

B’naire Bernard Arnault looks to be setting his kids up for a battle: All five children of the world’s second-richest man work at LVMH. The 73-year old has pushed his mandatory retirement age to 80, buying time for a successor to emerge from among them, Fortune reports.

Red Bull doesn’t think blood is thicker: Dietrich Mateschitz, the late co-founder and CEO of the energy drink maker, and his son Mark together decided to appoint three executives from outside the family in the event of Mateschitz’s death, Reuters reports. "I do not believe one should be both an employee and a shareholder of the same company. I will concentrate on my role as a shareholder," Mark, who inherited his father’s 49% share in the company, wrote in a statement after his father passed away in October. One Danish study found that family succession yields less favorable outcomes than hiring professionals to succeed founders like Red Bull did, the FT reports.

Red Bull’s move serves as a reminder that owners do not also have to be managers. If they inherit controlling stakes, family members retain the ability to influence the direction of a company. Red Bull isn’t the only example: Marta Ortega Pérez, the daughter of Inditex’s founder, was appointed its head last year, but a CEO handles day-to-day operations. Fiat founder Gianni Agnelli named his grandson John Elkann heir to the holding company controlled by the Agnelli family — but Elkann oversees the family businesses through their boards and the holding company rather than running them directly.