Family Disputes Business Shareholder Case Study 

Family disputes, a father and his four sons ran a successful chain of five family restaurants. All were shareholders with the father holding the majority share; each of the sons had an unequal share, which was increased by a percentage upon their father’s death, according to the amount of work they had contributed to the businesses as a whole over the years, leaving the oldest son with a majority shareholding.

It did not take long for the sons to become embroiled in a lengthy dispute over the running of the businesses, whereby the three younger sons were against the views of their older brother over the managing and financing of the businesses.

The older brother wanted to buy the younger brothers out but could not afford to, equally the younger brothers would have refused as this is all they knew since they had left school, in fact as he was the brains they wanted, needed to still keep him on board, but wanted some input on running the businesses, equally his excessive salary needed to be addressed.