Ronald a 2nd generation family member wants to exit the family business and start his own venture. He is based in Italy and is the eldest of two sons. The matriarch of the family (in her late 70s) has made no plans for succession. She currently has no intentions to transfer anything to her sons (mid and early 50s). He would like to start from scratch and move to the USA, where his wife is from and closer to where his children are studying. He wishes to start a new life and a business running his own family office.
He feels he has contributed the most in terms of skills and time in regards to joint investments with his brother. In many occasions, they contributed disproportionately with respect to their shares. Being the eldest son who contributed a significant part of his life to the family business, he felt like he deserved more recognition. Tensions started escalating during the last two AGMs on dividend retention policies and there was a public conflict picked up by journalists.
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