Corporate Family Feuds

By Minyanville Staff Jun 30, 2009 2:35 pm

Families that stick together for better, for worse -- and for profit.



Family feuds are at the center of some of the biggest companies around. Scandal, jealousy, and greed are but a few of the reasons why blood relatives often seem out for blood from each other.

Take Viacom (VIA). Sumner Redstone has said that he treats "everyone like a member of my family." But being treated like a member of the Redstone family can include being sued, belittled and publicly ridiculed.

Life isn’t much more serene over at News Corp (NWS) headquarters. Rupert Murdoch and his son Lachlan haven’t always seen eye to eye on who will run the family business in the years ahead. Lachlan once said that he wants to be his own man,

A similar fight is brewing between Cablevision (CVC) owner Charles Dolan and his son Jimmy. Charles gave Jimmy the New York Knicks and Madison Square Garden, but Jimmy apparently wanted to play a greater role in the daily operations of Cablevision. In the end, no body was happy.

Join Hoofy & Boo as they offer a dramatic interpretation of these very famous family feuds.

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No positions in stocks mentioned.

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