The announcement by Prince Harry and Meghan Markle — also known as the duke and duchess of Sussex — that they are stepping back from being “senior” members of the British royal family should have come as no great surprise to royal observers who have watched the pair struggle in the glare of the spotlight over the past year.
Insiders sometimes call the royals “The Firm,” and perhaps that analogy is useful to understanding their desire to live, shall we say, a more entrepreneurial life. (Buckingham Palace seems to have been caught flat-footed by their pivot.)
The shift is consistent with a long-term strategic plan attributed to Prince Charles, who has indicated that he favors a slimmed-down monarchy with fewer people called upon to play the role of senior executive.
Photo: Reuters
He wants the focus to be mainly on the monarch and those in the line of succession. In this case, that’s the queen, himself, his son Prince William, and William’s oldest child, Prince George. It is not the Sussexes, as much as the media love covering them.
This means not only jettisoning some liabilities — think of Jeffrey Epstein-linked Prince Andrew — but also divesting some potential assets, like the Sussexes, into independent entities, if they do not fit with the strategic vision.
Think about it. To succeed, an organization needs to focus. The essence of competitive strategy is not only deciding what you will do, but being firm on what you will not do.
The royal family does not get to pick its relatives any more than you or I, but they can decide who lives off the public purse, who counts as “senior” and who does not.
There is no doubt they would prefer to keep the focus firmly on the royals who burnish the family brand. Over the past couple of years, Prince William and his wife, Kate Middleton — the duke and duchess of Cambridge — have taken on an increasing number of public engagements of the kind the crown would like to see more of: carefully staged ribbon cuttings, sidewalk meet-and-greets, charity work.
They share adorable photographs of their adorable children (often snapped by Middleton herself). They weathered unsubstantiated rumors about their marriage and a falling-out with friends with hardly a backward glance.
By contrast, the Sussexes have managed over the past couple of years to snatch defeat from the jaws of victory several times. They have repeatedly failed to coordinate major announcements with the palace — Wednesday’s kerfuffle being just the latest, and maybe the craziest, example.
Last fall, they torpedoed the good public relations they had earned on a tour of South Africa by launching an ill-considered lawsuit against the press just as the visit was ending.
They also fumbled the public aspect of baby Archie’s birth — which is usually a pretty hands-down positive royal news story — by promising to share some details with the public, but then holding most of those details in strict secrecy.
And, fairly or not, they struck people as hypocritical by extolling personal efforts to mitigate climate change while, like most rich people, living a pretty carbon-intensive lifestyle.
When their celebrity friends rushed to defend them, it only made the public angrier.
While these might seem like tempests in so many gilded teapots, and while some of the criticisms seem wildly unfair — would we prefer elites who did not care about the climate at all? — taken as a whole, they run the risk of eroding the firm’s “customer base.”
In other words, each dust-up has the potential to make British taxpayers ask: “Hey, do we really need to keep supporting these toffs?”
Roughly one-quarter of younger Brits would like to abolish the monarchy, polls show, and that is with an enormously popular queen about to reach her 68th year as monarch.
After so many own-goals, it is not surprising that senior management might want to “make some changes,” as the old corporate euphemism goes, or that the Sussexes themselves would want a sort of career change.
They have clearly struggled to balance the public and private aspects of royal life, and frankly, seem pretty miserable doing the job they have been trying to do since their wedding.
Harry and Meghan have issues they care deeply about and want to have a public voice on; their job in the family business has been to keep quiet and smile.
Seen in that light, they have not really been hitting their performance targets — and they probably do not find the work all that fulfilling.
Perhaps this is one spinoff that could work for everyone involved.
Sarah Green Carmichael is an editor with Bloomberg Opinion. She was previously managing editor of ideas and commentary at Barron’s, and an executive editor at Harvard Business Review, where she hosted the HBR Ideacast.
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
US CONSCULTANT: The US Department of Commerce’s Ursula Burns is a rarely seen US government consultant to be put forward to sit on the board, nominated as an independent director Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday nominated 10 candidates for its new board of directors, including Ursula Burns from the US Department of Commerce. It is rare that TSMC has nominated a US government consultant to sit on its board. Burns was nominated as one of seven independent directors. She is vice chair of the department’s Advisory Council on Supply Chain Competitiveness. Burns is to stand for election at TSMC’s annual shareholders’ meeting on June 4 along with the rest of the candidates. TSMC chairman Mark Liu (劉德音) was not on the list after in December last