If you get a chance read the book Out of the Shadow by Charles Edison, it gave me insight into Edison that I did not have before and it tells about how Charles ran the company and kept it going after 1929.
The book is normally available on amazon.com. In the book Charles said Thomas was a great man that cast a very large shadow and Charles hoped he was able to step out of the shadow enough to cast a small shadow of his own.
The sons of many of the great business tycoons of that era faced somewhat similar challenges, living in their fathers shadows. Few cast so long a shadow as Thomas Edison, I suppose.
A contemporary, and no doubt personal acquaintance, who shared a similar situation was Edsel Ford, son of Henry Ford. Yet another in the same circle would have been Walter Chrysler's son (can't recall his first name.) Unlike the other two, young Chrysler never made much of an attempt to live up to Dad's image.