Management: How the Sons Rise

The young Yaleman who recently entered executive training at Pittsburgh's H. J. Heinz Co. was typical in everything but his well-tested name: H. J. (for Henry John) Heinz III. The son, grandson and great-grandson of Heinz presidents, Jack Heinz, 27, may someday run the company—but that future is by no means assured. Widespread public ownership of companies that once were family-owned has ruled out most automatic successions, and the sons of corporate bosses have to work hard and compete with a lot of bright young men if they hope to win their...