Family Fued
July 20th, 2007
Recently I read an article on Forbes.com regarding Sumner Redstone’s (the guy who owns Viacom and CBS) ongoing feud with his daughter, Shari Redstone. Sumner claims that she “ignores the cardinal rule of good governance” in regards to the two companies, and that they should be able to pick out a successor for him. The full article can be found here:
So is it wise to get the family involved in business? My personal opinion has always been no; money, family, and friends don’t mix. Personally I have see quite a few “business families” spiral into feuds between each other, sometimes with ugly results. Whenever money is involved, greed is usually there to rear it’s ugly head. Family/friends are supposed to be a source of comfort. Business is stressful, and sometimes even devious. Why bother mixing the two?
Entry Filed under: News and Opinions, Blog Archive
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