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I thought being CEO was a job title, a position and, unless your name is on ownership of the comapny you are just an employee. Maybe I am missing something, but can anyone explain if this is Lily's legacy more than Billy's?
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It isn’t more or less than Billy’s, with the merger it is both of theirs. It is not a contest.
Yes Jill and Devon are owners but Lily being Devon’s sister means it is her family legacy too. Also Lily’s kids call Jill grandma Jill considers Lily her family independent of her relationship with Billy
Plus, CEO’s usually have a ton of shares in the company that they run as well.
Is there an issue with Lily being so passionate about running the company with her family? Jill is all for it so I don’t see why it’s s problem.-
Jill owns Chancellor but not Chancellor Winters. It was a merger, not a buyout. Devon owns the Winters portion of it. -
Yeah, it seems Jill considers Lily family, but Lily doesn't consider her, Billy, or Chance family.
I don't understand why Lily keeps saying Billy isn't part of the family company given he is Jill's son and Jill owns Chancellor. -
aussiegal87 how does Lily not consider Billy family when she is his life partner. That goes without saying.
She considers Jill family and again Chance wants nothing to do with CW. So he isn’t in the conversation.
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Maybe the writers will clear things up with some precise dialogue as there is not a clear consensus on the board about the specifics of the merger. It would be great if Neil’s kids and nephew are made co-owners with Jill because that is a legacy that Neil would want for his family. It would be a great way to honor Kristoff St. John and his contributions to the show for all of those years. Adding his name to the company was wonderful too.Comment
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Devon owned Hamilton Winters. If there is any truth to the situation and the history of the show, Hamilton Winters is tiny tiny in comparison to Chancellor. Now in this merger, the Winters/Hamilton family will supposedly co own Chancellor. It is not possible. Hamilton Winters should have been a small part of the Chancellor company. What did Jill do? Did she give away billions of dollars to merge with Devon? And Jill’s family will own her part of Chancellor someday? Isn’t that you know who— Billy? I did a little more reading. Hamilton Winters bought Mergeron so Hamilton Winters is bigger than I first thought. I still think Chancellor is much larger than Hamilton Winters.Last edited by Loyalyr; May 26, 2022, 08:33 AM.Comment
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I do remember them discussing HW being small and Devon happy with it being that way. He insisted he continue to have autonomy over his division/HW. To me that says Chancellor is the umbrella company. But the dialog as of late along with the name change sounds like the two companies have merged and are one. They sure are moving on as that is the case. Still not clear. Could make for some messiness down the line when the next generation becomes involved. Which wouldn't have to be that far off if they soras.
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I just find it very hard to believe that Lily can say this is her legacy company as her father and Katharine would have wanted it. I understood Neil left Lily's share of his estate to her at the time of his death but I don't believe it was anything to do with the company. If it were, then where has she been all this time concerning that company. I know Neil and Devon owned Hamilton Winters and they bought Dina's Mergeron company. If Lily owned any part of that, then why would she have had to ask Devon to merge with Chancellor? She should have had a say on that herself. Then I assume she is in no way an owner of Chancellor either. Jill had Lily and Billy run ChanceCom and when that failed, she hired Lily as CEO of Chancellor. I didn't hear anything mentioned that she owned shares in that company or that she was in any way considered an owner. So my question is..how can she imply that the company is her legacy and that Billy is feeling left out because he is not a part of that, especially when his mother owns CI? Billy should be an heir apparent but, even if Jill has no intention of doing that, he is no less an outsider than Lily is...is he?
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I think the storyline is confusing because it doesn't make sense. Y&R is full of family owned companies. CI is a company that is owned by Jill (was the the sole owner before the merger?), but none of the Chancellor heirs want anything to do with the business. So they are trying to "create" a legacy. then you have Hamilton Winters, owned by an heir of Katherines, but created to show a legacy of the Winters family. Neil's legacy was Hamilton-Winters, full stop.
So now, they've merged Hamilton-Winters with CI and Lily as the CEO, and are talking about how this is what Neil wanted.
No. Neil wanted his own company in an industry that he happened to love. If Lily wanted to become part of Neil's legacy, she could have taken a job as COO at Hamilton Winters. However that would leave CI with no one stable to run it. The writers chose CI and sacrificed Neil's legacy. After that... I frankly don't care what happens to the company no matter how much they talk about "legacy"Comment
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I agree. But even if she did take a job as COO, I don't think it really would be her legacy because she has no ownership. She could have bought into the company...if Devon was willing, and that would have made her part of Neil's legacy. The legacy belongs to Devon. He owned his company and merged it with Jill who owns CI. So what I see is two owners, Jill and Devon. All of the others, Nate included, are employees only. And, same as above, I really could care less except Lily keeps inplying that Billy is the outsider and he is feeling like the outsider when it's actually Lily and Nate and Amanda and Imani who are the outsiders. If Billy is an outsider, then so are they. This thing is Devon and Jill's legacy and usually, when you have immediate family..like children..you will your estate to them, not your siblings. Jill has sons, which includes Billy and Devon also has a son for now.
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I think when Lily, Devon and Nate say, “this is what Neil would have wanted” it pertains to them working together and building a legacy.
Where that happens is not the main point. It does not matter if it was HWG or Chancellor- Winters they are together working as a family.Comment
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Angeldar Wealthy siblings can and do leave each other assets like a company. Devon can provide for both. You think he is leaving Moses out of the will? Who else is going to have run his company if he dies tomorrow, not Dom or Moses. He will keep it in the family and give it to Lily. -
I find this legacy a moot point anyways because the whole works of them are heading for disaster. They are already showing signs of falling apart. They won't have a company to run and in fact they will all be on the outs with each other so no one will have to worry about getting anything from each other.
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Lilly being CEO is boring Devon is boring and it's doubly boring Chancellor/Winters snoozefestComment
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Lily has always had an grandiose opinion of her own importance.Comment
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As the daughter of Neil and Drucilla Winters, Lily has always been self-confident in who she is. She's doing the right thing by believing in herself, 'cause no one else is gonna do it for her. JMO -
ADVISORY:
Please stay on topic. Making assumptions about why people think what they think is a failed mission, unless you're actually a clump of brain cells inside their heads.
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I don’t see the need to constantly pick at Lily? To me it reads that she nor the Winters deserve to be at or run Chancellor - Winters.
I hope Lily comes back from San Diego and Jill gives her 50% of the company to end the constant nit picking. But I fear that would cause a bigger stormComment
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The way it is now, the legacy that Lily will have is that she was CEO of that company and her relatives worked with her. At the end of the day she walks away and owns nothing. Devon and Jill are currently the owners..If anyone names her in a will, then that's another story, nothing to do with what's going on now. -
Angeldar I respectfully disagree. She created the merger of Chancellor-Winters that is her
legacy, ownership or not.
The merger is her idea and she is spearheading the details of it.
The newly formed company is absolutely her legacy. Now to a 100 years from now that is hers and hers alone.
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I don't think that the writers have thought this through or maybe they thought that we wouldn't really care.
I have more than once wished that they would visit this board, realize that we know that being an executive at a company and being an owner are not necessarily the same thing and write something to clear up the matter.
For example, the current CEO of Twitter is at risk and at least one other C-suite executive is already gone because Musk is planning to become owner of the company. The co-founder, twice former CEO and board member Dorsey is out already too. There is no legacy for them just because they are executives and own stock due to the fact that legacy conveys with ownership, not with employment. New owners almost always eventually replace all the C-suite executives. Musk has already stated that he lacks confidence in Twitter’s current C-suite employees.
That's why there is confusion about the whole family legacy thing for me. Who owns Chancellor Winters? Jill? Jill and Devon? Jill, Devon and Lily? Jill, Devon, Lily and Nate? That's what I need to be made apparent.Comment
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The one thing that is clear to me is Lily does not own CI regardless of her title of CEO, as you mentioned about Musk, Jill could stroll into GC tomorrow and name Adam CEO. Or, Ashley. And, neither one of them would own CI.
To me the clear owners are Jill and Devon. Devon went off on Nate because he doesn’t have the CEO title. Devon doesn’t think Billy has any pull either which is why the comments were made about Billy feeling left out. -
This is right. The writers just created a confusing mess about this legacy stuff and, if Lily would stop bringing it up about Billy not being a part of "their" legacy then who cares. However, I still think that it's just a matter of time that their so called legacy will fall apart and none of them will have it. It won't surprise me if Jill doesn't just throw in the towel if there is another fiasco as ChanceCom and just sell it off. Then maybe Lilly will be able to buy the CI part for herself and just cut Devon loose. Then she would have a legacy for herself and for her own kids.
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Why are some so certain that this fall apart?
If the Newman’s and Abbotts can go through infighting and their companies survive then why is CW doomed to failure?
It does not make sense. Why are the Winters who get along way better than the Newman’s doomed to failure?
It comes off like the Winters are some kind of interlopers that do not belong or not worthy to be running Chancellor.
As to Billy - Lily isn’t making a Billy feel left out, Billy is making himself feel left out. Lily, Nate and Devon just picked up on it.
Billy is not in charge - he said he wanted the job and practically begged Jill to give it to him even after the Chancecomm disaster. He didn’t really want the position to begin with Lily begged him to take it.
Billy can pipe in during meetings and offer his opinions like the rest of them can. He said it himself Lily’s passion comes from a different place than his.
Ultimately his place is not at CW or any corporate job really. So Jabot would not work because Jack and Kyle run it now.Comment
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I'm not certain at all, especailly with how these writers change direction so much. I am only going by what I am seeing now which is that Lily and the gang that she hired and merged with Devon are all starting to nitpick and bicker. I think maybe we should just revisit this storyline at Christmas and see where it's at, if the company still exists or if any of them still work there or are even on speaking terms with each other..and remember this thread. It might be interesting. And it could be become the biggest company in GC by that time. You are going by the Winters getting along right now. I think that is starting to slowly fall apart. I think they are all quite capable of running that company but I don't think their relationships with each other and having the pasts that they have with each other are going to allow them to all stay on an even keel without their issues surfacing and interferring with their work. As for Billy, yes, Lily begged him to take that position. He obviously is not happy so he needs to move on. -
Angeldar that nitpicking and bickering to me are simply growing pains. They are still getting their footing it is nowhere near Newman level backstabbing destructive behavior. Nor do I think it will get there because they are all pretty honest and forgiving with each other.
I am basing that on past behavior.
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OK...I looked up the "legacy" term and got many examples of what it means to leave a legacy. It could mean monetary or a company or simply something verbal that is passed down generation to generation. The sample I saw that fit with Lily's situation is that even though she has no ownership of any company, the legacy is that her family all worked together. Her future generations will know that and be able to say my aunt and her brother and her cousin all worked together in the same company. So I beleive that is the confusion, that some of us think she needs to have ownership but she does not. The company is owned by Jill and now by Devon as well. Who they will their shares of the comapny to is irrelevant. They can give them to charity if they want but Lily will have her legacy in that her family worked together at the same place.. Hope this helps.Comment
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YES she is in charge. CEO stands for Chief Executive Officer. This is her company to run and do with as she sees fit as long as the board of executives agree as well. This is the case for the majority of CEO’s that’s why they’re put in these positions. This is her company. Y&R has done an amazing job putting women of power front and center these past few years so why should we question Lily’s leadership credentials? She deserves this. She’s been executive roles for years dating back to Jabot when Neil was in charge.Comment
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I don't think anyone is questioning Lily's leadership abilities. This has to do with her legacy that she keeps talking about and how Billy is always being referred to as not being a part of it. There seems to be a lot of controversy as to what a legacy is. So after researching, it appears that her legacy is that her family
worked at the same company, nothing more, no ownership, no walking away from her position with anything more than being able to say she was CEO of that company and her family worked with her. The whole thing is, it seems that she has segregated Billy from that group so I guess if he wants a legacy, he will be the one to walk away with CI saying that he inherited it from his mother...if that happens....and he would likely be included with other family memebers of his own in that legacy but not Lily's. As for her position as CEO, yes, she is in charge as you stated but she has no ownership but once she is finished with that position, she walks away with no ownership, only her credentials and expertise and her legacy that her family worked ther with her.Last edited by Angeldar; May 29, 2022, 09:23 AM.
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