Chapter 20 - THE BUSINESS DOES NOT NEED A MATRIARCH
Aurelia held real roles in our family companies.
Not because she was “matriarch.”
Because she was good at operations.
Vellari Properties:
Board member.
Vellari Events:
Forty-percent owner.
Family foundation:
Vice chair.
Some relatives wanted me to remove her from everything.
I almost did.
Then remembered my own anger history.
The SUV incident concerned children.
Her corporate roles required separate review.
The independent directors examined:
Any misuse of company vehicles?
No.
Expense irregularities?
No.
Employee complaints?
Two about controlling management style.
Not enough for automatic removal.
Foundation role involving children’s programs?
There, temporary recusal made sense pending the case.
Targeted.
She remained a shareholder.
A director in one entity until the next election.
No financial annihilation.
May you like
I did not use business power as punishment.
That may have been the hardest thing I did.
