Och-Ziff Drops Levin as CEO Pick

The transcript discusses the complexities and challenges of succession planning in hedge funds, focusing on unexpected leadership changes and the timing of announcements. It highlights the difficulties in orchestrating smooth transitions, often due to conflicts over power and money. The discussion also touches on the experiences of other hedge funds facing similar issues.

What is the significance of the phrase 'heir apparent' in the context of the text?

How long does it typically take for successful succession planning according to the text?