(Topic ID: 129209)

Is there a succession plan @ Stern?


By badbilly27

5 years ago



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  • 21 posts
  • 17 Pinsiders participating
  • Latest reply 5 years ago by o-din
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    #1 5 years ago

    I was just talking to a pinball friend about all the recent pinball failures - Skit B, Vonnie and JPop - and the challenges that that face the longevity prospects of JJP, Heighway, Dutch and Spooky. Stern is really the only pinball manufacturer pumping out 4 games a year, globally.

    I know this is a morbid thought and (knock on wood) this doesn't happen for a very very long long time. What happens if Gary Stern kicks the bucket? Is there a succession plan? I never hear if one of his kids are "learning the ropes" to take over the family business. I know there is an investor element but I would expect Gary's family still owns a majority share. If he was gone would they sell out to investors, offer employee own option (Gomez, etc.), or would that be the end of Stern?

    All joking aside, its a sobering thought. If no one in the Stern immediate family has the passion like Gary for pinball, what could happen to Stern - and pinball?

    #2 5 years ago

    Others will know FAR more than I do but with Stern it seems more like Gary is the business man not the designer, programmer or anything like that. In that situation if something terrible happened the company should be able to continue on as is so long as it's not some kind of disaster that wipes out all their staff.

    #3 5 years ago
    Quoted from pinmanguy:

    Others will know FAR more than I do but with Stern it seems more like Gary is the business man not the designer, programmer or anything like that. In that situation if something terrible happened the company should be able to continue on as is so long as it's not some kind of disaster that wipes out all their staff.

    Gary is the business man but he owns Stern. The question isn't so much COULD Stern continue to make great games - I'm sure they could. The question is who would own them and want to carry the torch, pay the bills, and keep the lights on.

    #4 5 years ago

    The thread title made me think of succession @ stern in regards to designers/programmers/etc. when they all retire and hang up their flippers. I wonder when we will finally see the next shift of designers at Stern.

    #5 5 years ago

    If Gary doesn't have a succession plan in place already, he needs one NOW. I work with solely privately held businesses. Most of which are family owned, with the owners being the same generation as Gary. We stress succession planning with all of them. It's not a morbid thought at all either. You also need this for when the current owner steps down and retires. If something sudden does happen, or if you're not planned for who will continue the company, it will suffer greatly.

    #6 5 years ago

    Billy, did you not listen to Gary at expo ?

    #7 5 years ago
    Quoted from McCune:

    Billy, did you not listen to Gary at expo ?

    I was too busy playing, talking to people, and sleeping during the seminars.

    #8 5 years ago
    Quoted from badbilly27:

    What happens if Gary Stern kicks the bucket?

    All Men Must Die

    Quoted from badbilly27:

    Is there a succession plan?

    Jared

    #9 5 years ago

    We don't know the level of ownership or general control the private equity group that invested in Stern has. They may already have a succession plan to keep the business going and growing.

    Isn't Gomez number two at Stern now?

    #10 5 years ago

    I would imagine Gomez is being groomed to take over. IMO, that makes the only sense for his promotion.

    Kind of like HHH with WWE (I know he is family, but he is being groomed to take over).

    #11 5 years ago

    Gary is a solid business man. I'm certain he has a succession plan, and won't be sharing it with any of us....

    #12 5 years ago

    Gomez

    10
    #13 5 years ago

    I heard he was going to burn the entire factory around him as a pyre, like the heathen kings of old.

    #14 5 years ago

    From the rumblings on The Pinside, there are at least 150 people here that think they can do it better. Maybe they're the plan?

    #15 5 years ago

    Nobody does it better, makes me fell sad for the rest...

    #16 5 years ago
    Quoted from SealClubber:

    Nobody does it better, makes me feel sad for the rest...

    I remember this Carly Simon song.

    #17 5 years ago

    Maybe Jpop would want to step in and keep things running smoothly?

    #18 5 years ago

    Seems like a morbid thought... who else would be there to pay tribute to all the aging rock stars of the 70s and 80s?

    #19 5 years ago

    JPOP's office at Stern:
    92499-circus-tent-for-sale.jpg

    #20 5 years ago

    Lets keep this topic on track please.

    #21 5 years ago
    Quoted from SealClubber:

    Lets keep this topic on track please.

    We do that and there will be no Molly Hatchet pinball machine.

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