You may have reached this page due to new security upgrades that have been implemented regarding multiple user logins. For security reasons, only one user is able to be signed in to an account per session. If multiple users at a single site need online access, please contact email@example.com for firm access reduced pricing. If, however, you believe your login information has been compromised, please call customer service at 1-800-451-9998 to determine how to reset your password. Already a paid subscriber but not registered for online access yet? For instructions on how to get premium web access, click here.
Getting out of the sandbox: Managing sibling rivalries in the family business
By Caitlin Coakley Professional relationships can be tricky. Family relationships can be even trickier. And when your business partners are also relatives, the situation can get volatile fast. “I have stood between brothers who were going at each other to have a fistfight in their boardroom, brothers and sisters who are suing each other, and I have seen businesses have to be broken into pieces to settle these grievances,” said Robert Caldwell, founder of the family business consulting firm Family Firm Resources in Charlotte. “I see businesses run by people who are related to each other, but barely speak to each other.” Caldwell calls them “sandbox issues” because of the tendency for siblings to regress to their toddler-age selves, arguing over who’s right, what belongs to whom, and which one Mommy or Daddy likes better. And the issues, he said, often get worse as the business is passed through the generations and the family expands from rivalries between siblings to rivalries between cousins.