MANAGEMENT: Bitter Grapes

Family-owned businesses can be showcases of executive harmony—or the arena for bitter feuds made all the more painful by the fact that the disputants are of the same blood. For the past 30 years one of the most spectacular such feuds has pitted Robert Mondavi, now 64, against his brother Peter, 63, over the operation of the Charles Krug Winery, the oldest in California's Napa Valley. Their struggle came to a climax this year in a court battle interrupted by their mother's death. Now it is nearing a surprising conclusion: a California judge has ordered the profitable winery—it earned...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!