1158: Can Coup Against Kin Save Family Fortune? | Feedback Friday
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May 23, 2025
The hosts tackle a listener's dilemma about executing a corporate coup against family members who hijacked the family business through manipulation. They explore the emotional complexities of helping a friend stuck in a toxic relationship and the psychological toll it takes on loved ones. The conversation also dives into the repercussions of significant bank fraud faced by recent business buyers, emphasizing the need for better financial protections. Join the lively banter filled with insights on family dynamics and personal growth.
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Family Business Betrayal
A family manufacturing business thrived under the mother who paid off massive debt and built a new company.
After her death, the sister and niece misused company funds and ruled by intimidation, threatening employees and damaging reputation.
volunteer_activism ADVICE
Legal Steps for Corporate Coup
Follow the company's bylaws or governing documents to legally remove officers misusing the business.
Prepare evidence, request formal records, and be ready for a potentially long and costly legal fight.
volunteer_activism ADVICE
Rebuild Company Culture
Change company culture by promoting open communication and safety for employees to report wrongdoing.
Take accountability for past limited action and set a clear, new leadership tone to restore trust and loyalty.
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Your sister and niece hijacked the family business through fear and fraud, and you've got the evidence. Time for a corporate coup? It's Feedback Friday!
And in case you didn't already know it, Jordan Harbinger (@JordanHarbinger) and Gabriel Mizrahi (@GabeMizrahi) banter and take your comments and questions for Feedback Friday right here every week! If you want us to answer your question, register your feedback, or tell your story on one of our upcoming weekly Feedback Friday episodes, drop us a line at friday@jordanharbinger.com. Now let's dive in!
Jordan's must reads (including books from this episode): AcceleratEd
Your mom built a thriving manufacturing empire from the ashes of debt, but now your sister and niece are treating it like their personal ATM while threatening employees who dare speak up. You've gathered evidence of their financial misconduct and assembled a team to remove them. Can you pull off this corporate coup?
Your ex-husband's girlfriend kicks him out at 3 a.m., makes him drive two hours to babysit her kids, then accuses him of ruining their lives — and he keeps going back. Despite being good friends with your ex, your attempts to help him see the dysfunction have failed. How do you save someone from their own toxic cycle?
Your friends bought your business, immediately got hit with $30K in bank fraud, and now Bank of America says "Sorry, you didn't catch it in 24 hours." Do small businesses have any recourse when big banks play dirty?
You've been focused on your career and building a business. Meanwhile, after 10 years together, your boyfriend's gotten messier, lazier, and won't talk finances. Are you wasting your prime years on someone who won't ever level up?
You conquered addiction, survived open-heart surgery, and rebuilt every burned bridge with your kids through consistent actions. Now you're itching to move abroad, but will chasing your travel dreams undo all that hard-won trust?
Have any questions, comments, or stories you'd like to share with us? Drop us a line at friday@jordanharbinger.com!
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