Shares of Estée Lauder, the beauty giant, have plunged about 50% this year. And the members of the Lauder family are at odds about what to do. WSJ's Emily Glazer reports on the company's business mistakes and its rumblings of succession.

Further Listening:

- The World’s Richest Person Is Planning for Succession 

Further Reading:

- The Estée Lauder Family Built a Beauty Empire. A Succession Rift Threatens It 

- Estée Lauder Stock Plunges After Another Profit Warning 

- Estée Lauder’s Big Bet on China Is Looking Not So Pretty 

Learn more about your ad choices. Visit megaphone.fm/adchoices