CEO's Family Shocked To Learn Who He Left His Inheritance To

CEO's Family Shocked To Learn Who He Left His Inheritance To


November 15, 2021 | Eul Basa

CEO's Family Shocked To Learn Who He Left His Inheritance To


This might just be the ultimate act of betrayal ever. Dick Robinson Jr., the late CEO of Scholastic publishing, made headlines when he decided to leave the company and all of his personal possessions to his chief strategy officer, Iole Lucchese. While the move was certainly unexpected to his family, some of Robinson's employees say they saw it coming, stating that the 84-year-old mogul had been romantically linked to Lucchese for quite some time.

According to PEOPLE.com, a source close to Robinson and  Lucchese recalls the two being "very open" about their affair in the workplace. Lucchese, who had served as the company's chair of the board and executive vice president, was highly respected for her professional work and achievements. One former employee even praised Lucchese in the Wall Street Journal, saying that she "spoke freely and candidly" during important meetings and encouraged other women in the office to do the same.

That said, many staffers already had an inkling that she would eventually inherit the company from Robinson, given her 30-year seniority and, of course, her close relationship with Robinson. In 2018, Robinson drafted a will that would give Lucchese full control over the business, which is now worth $1.2 billion.

The Dick Robinson ScandalFlickr

Naturally, Robinson's family was completely blindsided by the move. The entire situation impacted his ex-wife the most since she had been incredibly loyal to the company for decades. Helen Benham had been with Scholastic for over 30 years (more than Lucchese) and she even served on the board at one point. She even stated that her relationship with Robinson grew close even after their divorce in 2003, so it threw her off-guard to find out that neither she nor their sons were included in his will.

"I lived and breathed Scholastic while also raising our two children. Dick told me on more than one occasion, 'You care more about Scholastic than I do.' … I was shocked and we were not expecting this," she said.

Still, her sons hope that their father's decision doesn't take away from his achievements as a parent. According to Reece, his youngest son, Robinson was a regular part of his life and he was a great father overall, despite everything that is going on.

"You might think from the will that he didn't see his sons. That's not true," Reece told the WSJ. "For the last two years, I saw him multiple times a week."

Robinson passed away on June 5, 2021, after a 46-year career with Scholastic. He leaves behind an incredible legacy that includes memorable launches such as Harry Potter and The Hunger Games.

 

 


READ MORE

I'm currently on stress leave from my tech job working with AI. I've been told I have to come back to work by a robot. What now?

Burned out and on stress leave from your AI tech job—then a robot tells you it’s time to come back? This fun, human-written article breaks down whether automated systems actually have authority, what your rights are on stress leave, and how to push back when workplace AI crosses the line from helpful to dystopian.
February 10, 2026 Jack Hawkins

I got a promotion at work for great performance, but now a colleague is accusing me of claiming his work as my own. What can I do?

You got promoted for great performance—then a coworker accused you of taking credit. Learn how to protect your reputation, handle workplace conflict, and move forward professionally.
February 10, 2026 Jack Hawkins

Everybody knows the financial risks of lending money to relatives, but few know the legal risks.

The financial risks of lending to family members are obvious, but there are legal risks as well.
February 10, 2026 Marlon Wright
These Family Secrets Changed Everything

My husband made double what I did when we were married but spent his retirement fund on his failed business. Can he take half my money in the divorce?

Divorce often magnifies financial decisions that didn’t seem very important during the marriage.
February 10, 2026 Quinn Mercer
Woman holding keys outside home

I agreed to be a 1% owner to help my son get a mortgage. Now I’m selling my home and being told I’ll lose my capital gains tax break. How bad is this?

This home sale was expected to be routine. Then a small detail surfaced during paperwork review: the homeowner is listed as a 1% owner on another property. That single line of text is now dominating conversations with lenders and tax professionals.
February 9, 2026 Jesse Singer
Cars parked

My brother and I inherited Mom’s house. I want to rent the house out, but my brother lives there, refuses to move, and can’t buy me out. What now?

Siblings who jointly inherit the family home don't always see eye to eye on what should be done.
February 9, 2026 Peter Kinney


Disclaimer

The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.





Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team