It's a real-life version of TV's Succession – billionaire boss shuns elder son and heir-in-waiting in favour of younger child. The decision by JCB chairman Lord Bamford to name his third child, George, as future head of the digger-maker ended rumours about internal boardroom tension. According to The Telegraph, eldest son Joseph, 48, had been trying to convince his 80-year-old father to relinquish the reins of the family-run company.