A family and its plastic money are soon parted


A family and its plastic money are soon parted

‘Rovetti & Sons.’ That’s the heart-warming way Flamingo Plastics, a modest little Pty outside Kempton Park on the East Rand, sums itself up on its website – the “dynamic family enterprise of Rovetti & Sons”.

However, the family dynamics in Rovetti & Sons are more volatile than the usual familial ups and downs. Sons Leonard and Richard Rovetti are no longer on speaking terms with their father Elio. In fact the brothers are suing their 62-year-old dad in the high court for R10m!

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Submitted by : Anthony Krijger of Westville on 2010-12-29 09:09:59
In 1979 I also left a well paid job in a fantastic industry to buy my fathers business. I was not "given" equity, I had to pay for it. The carrot was that he gave me favourable terms in which to pay. My father also remarried and had children and left everything he owned to his "new" family. This is his money to do with as he wishes and there was no bitterness on my part as i realise that one makes one's own way in life and one is not entitled to an inheritance. If one receives an inheritance, it should be regarded as a bonsella, much like a win on the lotto or horses. I was able to make the grade so to speak and my dad left his money to give his young family a start in life without a major breadwinner. These two brats were promised equity in return for "work"?? If there was nothing signed when they left their old jobs, they should consider learning a lesson from their dad. Learn to read the small print in business.
 
Submitted by : Toni Goncalves of Johannesburg on 2008-04-16 15:57:59
tragic, that the green eyed monster is never far away from the money.

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