View Single Post
  #4  
Old 12-18-2006, 04:23 PM
ban ban is offline
Senior Member
 
Join Date: Dec 2006
Posts: 104
ban is on a distinguished road
Default

I agree with OhioDave. Money does strange things to people, even family. I know this one person who started a company about 15 years ago with his wife & son (from a previous marriage) in his apartment. The company grew & grew. They owned the buildings where they worked.

In 1997, they sold 50% to another company. It was still thriving & he executive committee were all friends. He & the wife split. Then that meant that he owned 25% & the wife owend 25% & the other half was owned by this corporation. They ended up having to sell it (got a good price $287 million), but the son was very angry. It was "supposed" to be his business. Now there is only one person left there from all the family friends & he is not leaving.
Reply With Quote