Family Wars

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 expose of the way families do business and how arguments can threaten to blow a business apart, family warsalso offers valuable advice on how such problems can be contained and solved.

Nigel Nicholson has been honored by the American Academy of Management for his contribution to business theory and method. He is a professor at the London Business School, where he leads the Family Business Research Initiative. A former journalist, he is a frequent commentator in the media on business affairs and has published 15 books and over 200 articles.

Grant E. Gordon is the Director General for the Institute for Family Business. He is a fifth generation member and Non-Executive Director of William Grant & Sons, a family business that changed over from family to non-family leadership in 2000.

List of figures	p. xi
Acknowledgements	p. xiii
Family wars	p. 1
The ideas: the roots of family warfare	p. 5
Families at war	p. 6
The roots of conflict	p. 10
Gene politics and the family firm	p. 15
Family dynamics	p. 22
Culture and personality	p. 27
Brothers at arms	p. 35
Introduction	p. 35
Koch Industries - destructive redress	p. 38
The Reliance story - the myth of unity	p. 42
The Dassler family - racing for supremacy	p. 50
The Mondavi family - a bitter cup	p. 55
The Gallo family - vintage conflicts	p. 60
Fighting for the crown	p. 68
Introduction	p. 68
The McCains - when the chips are down	p. 73
IBM - the Watsons - a struggle for identity	p. 85
Bata Shoe - a struggle for strategy	p. 90
The house that hubris built	p. 96
Introduction	p. 96
The Ford family - parental oppression	p. 99
The Dart Group - an excess of willpower	p. 105
Château d'Yquem - the perils of condescension	p. 109
The Redstone family - the leader's iron grip	p. 114
Solid Waste and the Waxman family - greed, deception and destruction	p. 118
Heads in the sand - the insularity trap	p. 123
Introduction	p. 123
The Guinness story - sliding into scandal	p. 125
The Sakowitz story - the unchecked leader	p. 131
The Steinberg story - falling apart, together	p. 140
The Louisville Times and the Binghams - losing the legacy	p. 149
Seagram and the Bronfmans - the runaway leader	p. 159
Schism - the house divided	p. 166
Introduction	p. 166
Pritzker - fighting for the spoils	p. 169
The LA Times Group and the Chandlers - the centrifugal family	p. 179
Freedom Communications and the Hoiles - a battle for control	p. 185
The Pathak family - spice wars	p. 188
Un-civil war	p. 191
Introduction	p. 191
U-Haul and the Shoens - a shattered dynasty	p. 192
The Gucci family - a tragic Italian opera	p. 208
The lessons - the price of war and the prize of peace	p. 220
From poisoned roots to the fruits of success - the essential lessons of warfare	p. 221
Warning signs and practical measures	p. 238
In praise of conflict	p. 244
Notes	p. 247
Index	p. 271
Table of Contents provided by Ingram. All Rights Reserved.

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