Seagram heir dives into trouble...

IIPM BUSINESS & ECONOMY

Seagram liquor got into controversy when Edgar M. Bronfman Jr, heir to the Seagram liquor fortune, was sued for $100 million by Richard E. Snyder, former Chief Executive of the publisher Simon & Schuster. Snyder claims that Bronfman failed to pay him his dues for advising him on a $2.6 billion takeover of Warner Music group. Though the agreement was not a written one, Snyder was hoping for Bronfman to honour it with the venture being a success. Bronfman’s lawyer Orin Snyder, however, was confident that the truth would only prevail in court.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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