{"id":6217,"date":"2025-06-01T02:04:58","date_gmt":"2025-06-01T02:04:58","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/gc-who-helped-guide-scholastic-through-succession-shocker-giving-up-legal-reins\/"},"modified":"2025-06-01T02:04:58","modified_gmt":"2025-06-01T02:04:58","slug":"gc-who-helped-guide-scholastic-through-succession-shocker-giving-up-legal-reins","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/gc-who-helped-guide-scholastic-through-succession-shocker-giving-up-legal-reins\/","title":{"rendered":"GC Who Helped Guide Scholastic Through Succession Shocker Giving Up Legal Reins"},"content":{"rendered":"\n<div data-v-1c1aa57e=\"\">\n<div data-v-1c1aa57e=\"\">\n<p>The 2021 death of Dick Robinson, the CEO of the children\u2019s book and media company Scholastic, brought to light a revelation that shocked the business world: Rather than willing his 54% stake in Scholastic to his two sons, he bequeathed it to the company\u2019s chief strategy officer, 30-year company employee Iole Lucches, with whom Robinson had a long-standing romantic relationship.<\/p>\n<\/div>\n<p>  <!----> <!----> <!----><\/p>\n<div data-v-1c1aa57e=\"\">\n<p>While Scholastic flourished during Robinson\u2019s more than 40 years at the helm, his transparency regarding his estate plan left something to be desired. The sons didn\u2019t know they weren&#8217;t getting control of the company until the will was read, and Lucches didn\u2019t know she\u2019d become controlling shareholder until she received a call from General Counsel Andrew Hedden. <\/p>\n<\/div>\n<p> <!----> <!----> <!----> <!----><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The 2021 death of Dick Robinson, the CEO of the children\u2019s book and media company Scholastic, brought to light a revelation that shocked the business world: Rather than [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[6166,5896,6162,136,3929,6163,6165,6164],"class_list":["post-6217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-giving","tag-guide","tag-helped","tag-legal","tag-reins","tag-scholastic","tag-shocker","tag-succession"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=6217"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/6218"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=6217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=6217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=6217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}