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Detailed text transcripts for TV channel - MSNBC - 20120701:11:35:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120701:11:35:00

Complained bitterly. >> telling him he can't do this to me. he can't sell this business. >> brian's generation eventually convinced them, but it wasn't easy. >> there has been a lawsuit every time this company got transferred from the first to the second and second to the third. >> by the late 1980s, brian's son eric faced a different threat. >> the company was basically bankrupt in 1981. i graduated from grammar school in 1982. they barely hung on. >> he remembers a twin set of crises that cost them. the first was financial. then the violent union strike which came close to destroying the bus...

Detailed text transcripts for TV channel - MSNBC - 20120708:11:34:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120708:11:34:00

Died, he left one of these boats to one of his brothers. all right? and my grandfather, who was his son, and had four boys, they got this. these steam boats with the paddle wheels were enormous business. >> in the great depression, the mcallisters nearly went bust. by 1938 brian's great-uncle died with just a few boats to his name. >> he watched everything go to pieces. two or three people left in the office. the only thing they took home was grocery money. that was it. there was no salaries. no more. this very, very successful business went to near zero. >> in his own lifetime, brian mcallist...

Detailed text transcripts for TV channel - MSNBC - 20120701:11:37:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120701:11:37:00

Mcallister is a harbor pilot. he enters the vessels and commands the fleet as they guide the ships safely to the docks. >> that's what we are going to do. >> we left the tugboat bridge and went back to the company headquarters to ask eric about the company's success. >> one of the things we observed about why this company has survived is there have been pieces that you can break off. if you own a bit of your supply chain and a relative interested in the vertical, you can break that piece off and keep the lineage going. we had those pieces over the years. >> at the age of 80, brian is last livi...