Family Wars: The Real Stories behind the Most Famous Family by Grant Gordon

By Grant Gordon

Many of the world's maximum companies are kinfolk owned, and with this comes the specter of relatives feuding, sibling rivalries, and petty jealousies. relations Wars takes readers behind the curtain on a rollercoaster journey throughout the ups and downs of a few of the most important family-run businesses on this planet, displaying how relations in-fighting has threatened to result in their downfall. masking households corresponding to Ford, Gucci, McCain, Guinness, Gallo, and Redstone, kin Wars is an miraculous divulge of how households do company and the way kin in-fighting can threaten to blow a enterprise aside. no matter if it really is Brent Redstone's courtroom case along with his father and sister or the relations feud over Henry Ford's $350 million belief fund, the booklet finds the origins, the level, and at last the answer of a few of the main recognized relations feuds in fresh historical past. relations Wars additionally presents precious recommendation for an individual thinking about a relatives enterprise, supplying feedback on the best way to keep away from such problems.

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In the opposite case, too little cohesiveness and the family members scatter to different areas of life and involvement, coming together in twos and threes occasionally but otherwise maintaining a norm of separation. The acting dimension of family climate is the way family members conduct themselves and solve problems. This can be rigid or flexible. Rigidity comes from family members being locked into their scripts and roles – such as, tough dad, indulgent mum, achieving son, rebellious daughter.

These matter in business, but how much depends greatly on the situation. In many areas of business you don’t need to be super-smart to be an effective business person. Increasingly it is easy to get technology to help you out with tasks that were formerly the exclusive province of ‘experts’. The best leaders know this, and try to surround themselves with others who have even greater skills than themselves. The second area is values and beliefs. These come from various sources – personality for sure plays a big part.

Sisters are occasionally involved, but it is between the boys that many of the most commonly destructive flashpoints in family firms arise. We move on to consider the other primal point of conflict: the parent–child bridge and how it crumbles under the weight of mismanaged succession. This too is predominantly male – fathers and sons ‘Fighting for the crown’. Our next stop takes us into ‘The house that hubris built’ – where we find leaders, not always founders, whose personalities burn brightly and dangerously for all around them.

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