Sam's Sibling Rivalry

2007_08_sams.jpgThis month's issue of Inc. Magazine has an amazing article detailing the years of infighting between brothers Darryl and Brian Rosen for control of Sam's Wine and Spirits that's a little bit sibling rivalry and a lot of "you don't have my the best interests of the company in mind." According to the article, the root issue over control of the company was one of vision: Darryl, the older brother, was the more conservative of the two, treating Sam's and its employees as family and opting to absorb the recent growth of the company before expanding further, like the Rosens have done for three generations. Brian was the more aggressive brother, emphasizing continued expansion as he became more involved in the family business.

The contrast in business philosophy led to the two brothers - and their families - not talking to each other, Brian's accusations of shady dealings by Darryl in their partnership agreement, and eventually Brian Rosen buying out Darryl, then selling a majority share of Sam's to Arbor, a local private equity firm, in January. Caught in the middle is their father, Fred Rosen. The elder Rosen is technically no longer an employee, but he still comes in at 5:30 every morning to load boxes at the front customer service desk (and still keeps a gun in a paper bag handy) in his seventies. Meanwhile, none of the Rosens has a majority share in the company started three generations ago.

Email This Entry


Comments (6) [rss]

. The elder Rosen is technically no longer an employee, but he still comes in at 5:30 every morning to load boxes at the front customer service desk (and still keeps a gun in a paper bag handy) in his seventies.

I hope this guy gets busted for violating the city firearms ordinance.

The elder Rosen is technically no longer an employee, but he still comes in at 5:30 every morning to load boxes at the front customer service desk (and still keeps a gun in a paper bag handy) in his seventies.

i'm sorry.....WHAT?

The gun could be legal if he's had it since before 1982.

Who cares this is old news. Boy this blog has gone down the tubes.

Who cares this is old news. Boy this blog has gone down the tubes.

And yet we still draw you in.

This was indeed a very interesting article, Chuck, and I'm not normally drawn to business related topics. It seems to me that Brian has pretty much trashed his family business, all for the sake of his own hubris. He could have gone and made his name elsewhere, thus fulfilling his desire to have a corporate environment. Very sad.

Post a comment (Comment Policy)

Tips

About Chicagoist

Chicagoist is a website about Chicago. More

Editor: Marcus Gilmer
Publisher: Gothamist

Contribute

Latest Tip:

where is the chicagoist facebook fan page?
[more]

Latest Photo:

Recent Comments

Subscribe

Use an RSS reader to stay up to date with the latest news and posts from Chicagoist.

All Our RSS