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Family Wars: Stories and Insights from Famous Family Business Feuds

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Many of the world's most successful businesses are family owned. With this comes the threat of family bust-ups, sibling rivalry and petty jealousies.

Family Wars takes you behind the scenes on a rollercoaster ride through the ups and downs of some of the biggest family-run companies in the world, showing how family in-fighting has threatened to bring about their downfall. Whether it's the Redstone's courtroom battles or the feud over Henry Ford's reluctance to let go of the reigns, the book reveals the origins, the extent and the final resolution of some of the most famous family feuds in recent history. Names you'll recognise include: the Gallo Family; the Guinness story; the Pathak family; and the Gucci family.

An astonishing exposé of the way families do business and how arguments can threaten to blow a business apart, Family Wars also offers valuable advice on how such problems can be contained and solved.

ISBN-13: 9780749460556

Media Type: Paperback

Publisher: Kogan Page - Ltd.

Publication Date: 03-30-2010

Pages: 304

Product Dimensions: 5.10(w) x 7.70(h) x 0.90(d)

Grant Gordon is the Director General of the Institute for Family Business and a fifth generation member and former senior executive of a leading UK family business in the drinks sector. Nigel Nicholson is Professor of Organizational Behaviour at London Business School and a leading writer, executive educator and broadcaster on business and management.

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[!new recto!][ct]Contents

[con]Acknowledgements 00

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1. Family wars 00

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2. The ideas: the roots of family warfare 00

Families at war 00; The roots of conflict 00; Gene politics and the family firm 00; Family dynamics 00; Culture and personality 00

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3. Brothers at arms 00

Introduction 00; Koch Industries - destructive redress 00; The Reliance story - the myth of unity 00; The Dassler family - racing for supremacy 00; The Mondavi family - a bitter cup 00; The Gallo family - vintage conflicts 00

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4 Fighting for the crown 00

Introduction 00; The McCains - when the chips are down 00; IBM - the Watsons, Senior and Junior 00; Bata Shoe - a struggle for strategy 00

[#]

5 The house that hubris built 00

Introduction 00; The Ford family -­ parental oppression 00; The Dart Group - an excess of willpower 00; Château d'Yquem - the perils of condescension 00; The Redstone family - the leader's iron grip 00; Solid Waste and the Waxman family - greed, deception and destruction 00

[#]

6 Heads in the sand - the insularity trap 00

Introduction 00; The Guinness story - sliding into scandal 00; The Sakowitz story - the unchecked leader 00; The Steinberg story - falling apart, together 00; The Louisville Times and the Binghams - losing the legacy 00; Seagram and the Bronfmans - the runaway leader 00

[#]

7 Schism - to have or have not? 00

Introduction 00; Pritzker - fighting for the spoils 00; The LA Times Group and the Chandlers - the centrifugal family 00; Freedom Communications and the Hoiles - a battle for control 00; The Pathak family - spice wars 00

[#]

8 Un-civil war 00

Introduction 00; U-Haul and the Shoens - a shattered dynasty 00; The Gucci family - a tragic Italian opera 0

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9 The spoils of war and the price of peace 00

From poisoned roots to the fruits of success - the essential lessons of warfare 00; Warning signs and practical measures 00; In praise of conflict 00

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Notes 00

Index 00

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From the Publisher

"Will inspire readers to institute processes for governance and communication that can prevent a feud from festering." — Family Business Magazine

Table of Contents

** Chapter - 01: Family wars; ** Chapter - 02: The ideas: The roots offamily warfare; ** Chapter - 03: Brothers at arms; ** Chapter - 04: Fighting for the crown; ** Chapter - 05: The house that hubris built; ** Chapter - 06: Heads in the sand – the insularity trap; ** Chapter - 07: Schism – the house divided; ** Chapter - 08: Un-civil war; ** Chapter - 09: The lessons – the price of war and the prize of peace