Family Business Case 5 Vega food Company Essay

Family BusinessCase 5The Vega feed federation owner Francisco Valle Sr had just recently died and now the confront of the family is having capers with the money, shareholders and what exactly are the siblings responsibilities in the company. Francisco Jr has been working in that location the longest and has the near experience working along side his dad in the company. His quartette sisters are now wanting more role of the shares in the company. The main problem is with his young sisters Mari who wants more responsibility in the family business. Francisco received a big CEO salary and bonus that the sisters didnt receive intimately as much as he did. They thought this was unfair. This problem take care to hurt the company in sales.After calling a family meeting, a consultant got everything straightened prohibited for what apiece member of the family had to do and what the shareholders wanted come out of the closet of the company and what percentage of shares they all had . This problem seem to hurt the company in sales. Francisco seems to be the right person to take most of the responsibilities because was worked there the longest and knows what to do.Read moreFamily Run Business WyncraftMari wanted out of the company for feeling that she wasnt treated the same way as the rest of the siblings so Francisco bought her shares out. Everyone always thinks that they all deserve the same percentage and same amount of salary at the work place only that just doesnt happen in real life. If Mari wanted to keep on in the company I think they could squander fertilisen each other a little bit more percentage in the shares but still having Francisco have the highest percentage.It also never really say what she did for the company and how she could help the company. She just thought that she deserved more shares. in person I dont think that is fair just because your family doesnt mean youre entitled to have shares in the company. But in the end I think Mari ju st had enough and wanted to give her shares up and move on in her life.After reading what the family did to all over come this problem I thought itseem to be the scoop out for both the company and Mari. Now their sales have been going up and the company is growing and doing right(a) with new employees. If they didnt resolve this problem I think the company would have been destroyed and more feelings would have been hurt in the long run. Also being a good CEO, Francisco saw a problem and decided to do something about it.