Word: mondavi
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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...
...saga began in 1922, when Italian Immigrants Cesare and Rose Mondavi settled in Lodi, Calif., to start a grape-shipping business. In 1943, drawing on savings and bank loans, the Mondavis acquired the Charles Krug Winery, a dilapidated structure dating to 1861. To own it, the family formed a limited partnership, C. Mondavi & Sons, and later turned it into a corporation. Cesare, Rose, Robert and Peter each took 20%; Daughters Helen and Mary received 10% each. Cesare put Robert in charge and returned to grape shipping. When Peter got out of the Army Air Corps at the end of World...
...their business disputes, but after he died in 1959 the tensions increased until, in 1965, they exploded into a fistfight. The other family members talked Robert into taking a six-month leave to cool off. He soon concluded they wanted him out and started a rival business, the Robert Mondavi Winery-while still sharing the family's profits from Krug. In a final burst of fraternal affection, Peter helped his brother-competitor by arranging for Krug to crush grapes for the new winery and lending it a badly needed bottling machine...
...Robert Mondavi Chenin Blanc
...Mondavi Chardonnay...