In most publicized cases, real estate properties and ownership of companies would sometimes if not usually break down family relationships. However, when it comes to one real estate dynasties, things are quite different nowadays. In order to strengthen their business, the Goldmans of the real estate world set aside their difference and pride.
In particular, Lloyd Goldman made some changes together with her two elder sisters in order to lessen arguments and smoothen their business activities. In a report of Peter Grant via Wall Street Journal, he detailed that;
"In 2002, Lloyd Goldman realized that friction between him and his two older sisters was holding back their family's real-estate business. The three came to a realization, he said: 'We all agreed that we have a major business here. We should not be fighting about this stuff'."
In order to arrive at a more objective and unbiased decision, the Goldmans decided to create "an outside board of advisers." According to Mr. Goldman they have realized that in order to keep their business on track they have to agree on something. And with such form of agreement business came rolling and eventually grew.
This realization of course came to be after reflecting on the people who went ahead of them and had an opportunity to run a business as such. They have successfully avoided major family feuds by lowering their pride. Mr. Goldman in particular lowered his pride. As to a statement of a close associate, "that was a big decision on his part, keeping his family together and bringing in an outside board.... He kept his family together by giving up some power," said Stanley Chera via WSJ.
And now, the Goldmans are reaping what they have sown. Their business are currently growing with significant projects ahead of them like with the World Trade Center.
