Spencer family (The Bold and the Beautiful)
| Created by | William J. Bell |
|---|---|
| Introduced by | William J. Bell |
| Duration | 1987–94, 1997, 2000–01, 2003, 2009— |
| First appearance | March 23, 1987 |
The Spencer Family is a fictional family in the CBS Daytime soap opera The Bold and the Beautiful. They were introduced at the beginning of the show with the introduction of media mogul Bill Spencer Sr. until his departure in 1994. Currently, the family is represented by Bill Jr., Wyatt, Caroline, Liam and Will. The Spencers own and run the international media conglomerate Spencer Publications.
Spencer Publications is an international media conglomerate. It started as one magazine, Eye on Fashion, by Bill Spencer Sr. and eventually grew to include numerous businesses as Spencer Publications took control of its own distribution, marketing, and advertising. It diversified and evolved, investigating green printing and with the growth of the Internet took the business into cyberspace.
For years Spencer Publications founder Bill Spencer Sr. ruthlessly ran it as Chairman and CEO in Los Angeles then in New York City. His two living children, Karen Spencer and Bill Spencer Jr., worked their way up and upon their father's death Karen and Bill each received 50% ownership and were named co-CEO. Bill's son Liam Spencer is currently President.
Bill Spencer Jr.'s wife Katie Logan became CEO after their divorce papers were signed, Bill gave Katie 1% ownership which made Bill's ownership 49%. Katie combined her 1% with Karen's 50% making Karen the majority stockholder. After Bill reconciled with Katie she signed legal papers naming him CEO again and giving him equal custody of their son Will but Bill revealed it was an act to gain control of Spencer Publications and equal custody of Will. When Katie's sister Brooke discovered Bill's actions she destroyed the papers. Months later after unsuccessfully trying to get Karen and Katie to reinstate Bill as CEO Brooke revealed she still had the papers and gave them to Bill, thus removing Katie as CEO and reinstating Bill as CEO and giving him equal custody of Will.
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