The saga involving Scholastic CEO M. Richard Robinson Jr. and his family could be a storyline straight out of HBO’s “Succession.”
The late owner of Scholastic Corp., which published several iconic children’s books including “Harry Potter” and “Magic Schoolbus,” reportedly cut his immediate family out of his will and left the $1.2 billion publishing empire to his longtime side chick, Iole Lucchese, an employee at Scholastic.
Scholastic published popular book series including the “Magic Schoolbus” and “Clifford the Big Red Dog.” But Robinson’s decision to give control of the company to Lucchese came as quite a shock to people in the industry – as well as his family – because he chose to hand over control to his former romantic partner, who still works for the book publisher. Read the full story here ▶
