Could be. I don’t follow the celebrity rags so I only ever see him in the context of the show.
The firm was not in good shape when he died…his/her interest could have terminated at that point.
There is a dif between owning an interest in a) a going concern with significant assets (including a customer list) that will continue despite the demise of even the most important people, and b) a service business like an ad agency that could fold completely and very rapidly.
Likewise. He’s looked scuzzy since about the third season.