"A Legacy Lost" - Yet another Mondavi Write Up
A front-page article on the rise and fall of Mondavi:
http://www1.pressdemocrat.com/apps/pbcs.dll/article?AID=/20041121/NEWS/411210303/1033/NEWS01
I find it odd to have this described as a "Greek tragedy"....after all, as the article points out, the family will get $365 million before taxes. Yes, they lost control of Bob's namesake winery, but in another 12 months all three kids will be back in the business. If you want a tragedy, look at DeLoach, they went bankrupt through the mismanagement of the business by the son and lost nearly everything. Now that is a tragedy. Mondavi, on the other hand, could have turned out better I guess, but they built up a hugely successful business and sold it for over a billion dollars! I'd like a little more of that kind of tragedy in my life....
http://www1.pressdemocrat.com/apps/pbcs.dll/article?AID=/20041121/NEWS/411210303/1033/NEWS01
I find it odd to have this described as a "Greek tragedy"....after all, as the article points out, the family will get $365 million before taxes. Yes, they lost control of Bob's namesake winery, but in another 12 months all three kids will be back in the business. If you want a tragedy, look at DeLoach, they went bankrupt through the mismanagement of the business by the son and lost nearly everything. Now that is a tragedy. Mondavi, on the other hand, could have turned out better I guess, but they built up a hugely successful business and sold it for over a billion dollars! I'd like a little more of that kind of tragedy in my life....
posted by Anonymous at 9:02 AM
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