What George Soros's succession plan means for America

The recent announcement that 37-year-old Alexander Soros, rather than his 52-year-old half-brother Jonathan, would take control of his father’s $25 billion business empire was an important development in the financial world. But there’s more to this story than the financial soap opera in which the more considered and cautious Jonathan, the longtime favorite to succeed George Soros, was bested by Alexander, who seems to be cut from the same cloth as his risk-taking father.

The more important prize that the Soros boys were vying for was not their Hungarian-born father’s hedge fund but his philanthropic foundation, the Open Society Foundations that the business supports.