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Slate Money

The Salmon Legacy

Slate Money

Slate Podcasts

Investing, Business

4.11.1K Ratings

🗓️ 1 August 2020

⏱️ 40 minutes

🧾️ Download transcript

Summary

Felix Salmon, Emily Peck, and Anna Szymanski are joined by Felix’s cousin Thomas Harding to discuss his book, Legacy: One Family, a Cup of Tea and the Company that Took On the World , on the unusual financial history of the Salmon family, generational wealth, and financial inequality. And in the Plus segment: More with Thomas Harding. Email: slatemoney@slate.com Podcast production by Jessamine Molli. Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello, I am Felix Salmon of Axios, and I'm on vacation this week, which is good news for you, because this means that you finally get to hear an episode we recorded a couple of months ago pre-COVID with my cousin

0:17.7

Thomas Harding.

0:19.1

This is something which I've been hinting at for a little while, but it's all about family wealth and it is kind of fascinating.

0:27.5

I think you'll enjoy it, but obviously if we're not talking about COVID or anything like that, that's because it hadn't happened yet.

0:34.5

Enjoy it. Hello!

0:47.0

Welcome to the Salmon Legacy edition of Slate Money,

0:53.3

Your Guide to, well, it's normally the Business and Finance

0:56.4

News of the Week, but this week we

0:58.8

have a special guest in from the UK, Mr Thomas Harding. You are my cousin. I am. You have written a book about our family.

1:10.0

Yes, it's about the Salmon and Gluxstein family and their businesses, Jay Lyons and the tobacco company,

1:15.4

Sam and Gluxstein.

1:16.6

And the book is named Legacy.

1:18.6

And it is available on Amazon, although not from a US publisher yet.

1:22.8

We're holding out hope for that.

1:24.4

I am Felix Samuel Vaxios and also of the Salmon family.

1:28.7

I'm joined by Emily Peck of Huffpost,

1:31.6

whose own family history we're going to talk a little bit about.

1:34.3

Hello. We're joined by Anna Schmensky of Breaking Views who comes from a long line of farmers.

1:41.6

It's very true.

1:43.2

And what we're going to do is we're going to talk a little bit about the kind of unique

1:48.4

salmon family structure which Anna for one is having great difficulty getting her brain around.

1:55.9

And then we're going to talk a little bit more broadly about this whole concept of inheritance,

...

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