COMMENT:
The news that Prince Harry and the Duchess of Sussex, Meghan Markle, are to 'step back' from their senior roles in the royal family, split their time between the UK and Canada, and seek to become 'financially independent' is a reflection of the creaking management structure of one of the oldest 'firms' in the world.
Often referred to as 'the firm', this is a company where the CEO is 93, and the designated successor a sprightly 71. There is no board. The company structure dates back to 1066, with some adjustments in 1215, 1660, 1707, and on and off since then. However, fundamentally, things haven't changed for a few hundred years.
Resilient though the royal family have been over the centuries, they've had their ups and downs and some real lows around the time of the tragic death of Princess Diana and the fire at Windsor Castle. Since then they've apparently recovered well including a splendid Diamond Jubilee in 2012, and two magical royal weddings, until just recently when it looks like a lack of strategic planning has really let them down. A more cynical view is that the post-Diana era during which the boys have grown up has masked a total failure to modernise the 'firm'.
In the twenty-first century, for a company to allow senior team members to be bullied, to fail to support them properly in this, to provide a lack of clarity on their roles and not to provide a clear career path, you'd reckon that company was pretty badly run. Share value might drop, heads could roll, the board would be under scrutiny and shareholders would rattle their sabres. This firm of course is different and operates extremely opaquely.