Monday, July 01, 2019

Sibling Rivalry and Family Fortune

It was June 4, 2014, and Bryan, then 54 years old, was incredibly stressed out. He had just left a mediation meeting in Lafayette, Louisiana, with his elder brother, Mark; his younger sister, Kelley Sobiesk; and their team of respective lawyers. Mark and Bryan had for a decade been locked in a battle over control of their family company, Knight Oil Tools, the largest privately owned oil-and-gas-equipment-rental company in the world. That might not sound like much to boast about, but the company was worth an estimated $800 million; each sibling was worth over $100 million. The meeting, at which Bryan’s inheritance was at stake, had been contentious, and he found it supremely coincidental that, after pulling him over, the sheriff’s deputy almost immediately asked to search his vehicle. 

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