Family Business Goes Bananas: CDL's Father-Son Power Struggle Rocks Singapore Inc.
Key Points
- CDL's Kwek family is embroiled in a court battle over govern...
Looks like the family dinners at the Kweks just got a lot more awkward! Singapore's real estate titan City Developments Ltd. (CDL) is experiencing what can only be described as the corporate equivalent of fighting over the TV remote - except this time, it's worth billions.
Daddy Says No, Junior Says Go
The patriarch Mr. Kwek Leng Beng is taking his son Sherman Kwek and several board directors to court, claiming an "attempted coup" at CDL. Talk about bringing new meaning to "tough love" - this executive chairman versus group CEO showdown makes your average family disagreement look like a p...
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