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(Neatorama)   The story of a family-owned business so dysfunctional that business schools teach it as a lesson in how NOT to run a company   (neatorama.com) divider line 64
    More: Advice, business schools teach, NeatoShop, startup company, Phil Knight, business schools, shell companies, football teams, lessons  
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10932 clicks; posted to Business » on 19 Nov 2012 at 3:14 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-19 03:30:09 PM  
U-Haul *clicks link* drat
 
2012-11-19 03:36:40 PM  
Wow I never heard of that before what a farked up family. Good thing they were not in the drug business.
 
2012-11-19 03:41:19 PM  
All Day I Dream About Squabbles
 
2012-11-19 03:41:22 PM  

relaxitsjustme: U-Haul *clicks link* drat


Aldi and Trader Joe's? *clicks link* well, I got the nationality.
 
2012-11-19 03:41:36 PM  
Trump?

/nope...
 
2012-11-19 03:47:12 PM  
img818.imageshack.us
 
2012-11-19 03:50:54 PM  

Unobtanium: relaxitsjustme: U-Haul *clicks link* drat

Aldi and Trader Joe's? *clicks link* well, I got the nationality.


Hell, Wal Mart was going to be my guess.
 
2012-11-19 04:04:02 PM  

Ponzholio: Unobtanium: relaxitsjustme: U-Haul *clicks link* drat

Aldi and Trader Joe's? *clicks link* well, I got the nationality.

Hell, Wal Mart was going to be my guess.


Dart Cups?
 
2012-11-19 04:08:59 PM  

relaxitsjustme: U-Haul *clicks link* drat


My first guess as well.
 
2012-11-19 04:14:56 PM  
I assume posting those fake Puma ads would lead to a banhammer.
 
2012-11-19 04:20:27 PM  
The whole time, I was trying to figure out why that article felt so familiar. Then I got to the bottom, from the newest Uncle John's Bathroom reader. Such a great set of books.
 
2012-11-19 04:25:40 PM  
Who cares? But did you read that story on there about Esther The Cold War Kitty...WTF?
 
2012-11-19 04:41:00 PM  

uksocal: The whole time, I was trying to figure out why that article felt so familiar. Then I got to the bottom, from the newest Uncle John's Bathroom reader. Such a great set of books.


I do seem to remember there being a Cracked article about the Dassler feud... *googles* ... and here it is! Link
 
2012-11-19 04:43:54 PM  
How about the German family, one branch of whom own Aldi's and the other Trader Joe's?
 
2012-11-19 04:54:00 PM  
FTA: Most of the technical people stayed with Adi; most of the sales force and administrators went with Rudi. That might seem like a formula for faster growth at Puma, since Rudi's people knew how to move the merchandise, but it wasn't.

Seems the wrong person was doing the seeming.
 
2012-11-19 04:57:45 PM  
A chain of restaurants owned by a family in my area had a big blow out. After the court battle, one side got most of the locations and the brand name, the other side got only a few locations, but got the popular bread recipe.
 
ZAZ [TotalFark]
2012-11-19 05:08:28 PM  
If so, that probably made Rudi all the more bitter when he was called up for military service in 1943 and couldn't get out of it.

In 1940 the war was supposed to be short and German leaders didn't want to cost public support by going to full mobilization. In 1943 they realized they and Germany were in big trouble and there was no sense in half measures.
 
2012-11-19 05:14:00 PM  

MrEricSir: [img818.imageshack.us image 317x322]


The article does place a different spin on the clothing choices or the early and mid 80's.

/where are my fat shoe laces?
 
2012-11-19 05:15:40 PM  
I work for a family company....fortunately not as dysfunctional Adidas and Puma were. That is an incredible story.
 
HBK
2012-11-19 05:20:01 PM  

cgraves67: A chain of restaurants owned by a family in my area had a big blow out. After the court battle, one side got most of the locations and the brand name, the other side got only a few locations, but got the popular bread recipe.


In Austin there was a small family-owned chain called "Dan's Hamburgers." After the divorce, half of the restaurants were renamed "Fran's Hamburgers."

Neither were particularly good, but they were cheap and better than fast food joints.
 
2012-11-19 05:29:29 PM  
Yes, it was run so poorly that they are both still making millions of dollars annually to this day.

Also, I read about this years ago in the short lived "Grand Royal" magazine that the Beastie Boys put out.
 
2012-11-19 05:31:08 PM  
www.dailytees.com
 
2012-11-19 05:31:36 PM  
Damn, aint no hate like German hate, is there?
 
2012-11-19 05:40:56 PM  
From what I hear, a lot of family-owned businesses are screwed up like that -- personal issues get dragged into company politics and vice versa. Also, some business owners like keeping their companies in the family because they're tight-assed, paranoid control freaks, and they try to turn their children into extensions of themselves. That's also a recipe for disaster, especially when their children decide to rebel.
 
2012-11-19 05:42:13 PM  

ZAZ: If so, that probably made Rudi all the more bitter when he was called up for military service in 1943 and couldn't get out of it.

In 1940 the war was supposed to be short and German leaders didn't want to cost public support by going to full mobilization. In 1943 they realized they and Germany were in big trouble and there was no sense in half measures.


I was going to pay for itself and Poland would welcome them as liberators!
 
2012-11-19 05:45:55 PM  
That would better titled as the story of a family owned business so dysfunctional that business schools teach it as a lesson in why NOT to be Nazis.
 
2012-11-19 05:55:39 PM  
So both brothers died incredibly wealthy, having survived being on the wrong side of two world wars.

How is that not being successful??
 
2012-11-19 06:02:56 PM  
It's people like that that give Nazis a bad name.

/well, besides the fact Nazis are, you know, Nazis
 
2012-11-19 06:12:22 PM  
Yes, this isn't how you run a business these days.

Now you load it with massive amounts of debt and get rid of any employees you can so you can concentrate revenues into management fees you pay yourself while showing the whole company as being unprofitable. If the company somehow miraculously becomes successful then you award yourself massive amounts of shares at dead deflated valuation into your self-directed IRA.

There's lots of ways to badly run companies, but the business schools and PE firms have turned crashing them into the ground a science.
 
2012-11-19 06:31:16 PM  
poorly run family business and nepotism in the workplace is found wherever trees grow. all too often the customers suffer for it. and good employees lose jobs they like and excel at when someone brings in a relative who has no place in the position. mankind just runs amuck with stupidity, poor choices and violence. farking amazing so many of us live past 20.
 
2012-11-19 06:37:01 PM  

Arkanaut: That's also a recipe for disaster, especially when their children decide to rebel.


See, the Pritzker family. But if you do, set aside a couple hours, it'll take that long to read up on the last 10 or so years.
 
2012-11-19 06:59:22 PM  
Two billionaire brothers from India just killed each other. Now THAT'S a dysfunctional family business.

Link Story on CNBC
 
2012-11-19 07:02:28 PM  
So, All day they dream about profits, instead?

// too bad it's an urban legend.
 
2012-11-19 07:33:46 PM  
Jesse Owens wore German shoes. Brilliant.
 
2012-11-19 08:52:01 PM  

mcreadyblue: So both brothers died incredibly wealthy, having survived being on the wrong side of two world wars.

How is that not being successful??


That's what I was thinking. Adidas and Puma are still two of the biggest shoe companies in the world.
 
2012-11-19 09:01:36 PM  
This just in. Germans are mean, greedy assholes. In other words, they're just like Americans.
 
2012-11-19 09:19:43 PM  
Them?
 
2012-11-19 09:30:36 PM  

carnifex2005: mcreadyblue: So both brothers died incredibly wealthy, having survived being on the wrong side of two world wars.

How is that not being successful??

That's what I was thinking. Adidas and Puma are still two of the biggest shoe companies in the world.


They lost control of both companies.
 
2012-11-19 09:34:03 PM  

HBK: In Austin


www.travel-austin-texas.com
lh4.ggpht.com
 
2012-11-19 09:39:55 PM  
Old news is old.
This book is a cutout.

img1.imagesbn.com
 
2012-11-19 09:40:48 PM  

Zirconium: I work for a family company....fortunately not as dysfunctional Adidas and Puma were. That is an incredible story.


I worked for a company in Kitty Hawk, NC that has a similar story... It's not nearly as bad and it involves regional rivalries instead of national/international, but the basics of the story are very similar...

2 partners share a business
something gets them pissed off at each other
they split the business along a particular line
one of the businesses does far better than the other
the struggling business finally catches up
they start arguing over who gets "control" of certain activities
they sue each other for infringing on the contract from the split

When I left the area, the feud (and the lawsuit) was still going on. The employees didn't give a shiat, but the owners... If you worked for one of the stores, you could NOT be seen in the other store. The beautiful part was that the business shared the same property and parking lot, with several other stores as a kind of firewall between the two. Our carpool group had to park offsite, and we had different walking routes to get to the vehicles depending on which company you worked for.
 
2012-11-19 09:41:41 PM  

BigBooper: Two billionaire brothers from India just killed each other. Now THAT'S a dysfunctional family business.

Link Story on CNBC


Wow.
 
2012-11-19 09:43:51 PM  

carnifex2005: mcreadyblue: So both brothers died incredibly wealthy, having survived being on the wrong side of two world wars.

How is that not being successful??

That's what I was thinking. Adidas and Puma are still two of the biggest shoe companies in the world.


Only because Nike has not gone after them directly. Every shoe company out there keeps an eye on Nike. The stories I could tell.. Stupid NDA.
 
2012-11-19 10:00:53 PM  
I like puma more than Adidas.
 
2012-11-19 10:01:04 PM  

BigBooper: Two billionaire brothers from India just killed each other. Now THAT'S a dysfunctional family business.

Link Story on CNBC


Speaking of billionaire brothers, I wonder if there's a left-wing Koch brother?
 
2012-11-19 10:10:53 PM  

Arkanaut: BigBooper: Two billionaire brothers from India just killed each other. Now THAT'S a dysfunctional family business.

Link Story on CNBC

Speaking of billionaire brothers, I wonder if there's a left-wing Koch brother?


Reminded me of this, despite the fact that I am myself deformed left-wing
 
2012-11-19 10:40:33 PM  

Arkanaut: Speaking of billionaire brothers, I wonder if there's a left-wing Koch brother?


His name is David Koch
 
2012-11-19 10:42:27 PM  
All
Day
I
Dream
About
Sex
 
2012-11-19 10:44:07 PM  
Wow is it just me getting full page ads on fark on my android now? is this for real?
 
2012-11-19 10:44:51 PM  
I used to work for a family that stole from their own company. Each of these numb-nuts would come on and snatch money from the register or safe and demand that I keep my mouth shut. They were always having trouble paying their creditors, suppliers, employees, and utilities. On pay day, there was a mad race to the bank. It was like a perverse children's game. The last one to the bank has a bounced paycheck. They drove me bonkers.
 
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