Times change, families grow, and ownership can become too much of a risk. As chief executive and then chair of Crane & Co., Lanse Crane had to first mastermind the transformation and then the sale of an enterprise that had been in his family for more than one hundred years. The company made paper—some of it used for currency. It turns out that a license to print money is not all it’s cracked up to be. Lanse tells Elaine Eisenman the story of loving the company and letting it go.
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