U Haul: A Truckful Of Dollars
GREED. BETRAYAL. MURDER allegations. The six-year family feud at U-Haul has made Herbert Haft's much-publicized squabble at Dart Group look like a love fest. But on Oct. 7, ousted U-Haul founder and family patriarch L.S. Shoen, together with 6 of his 12 grown children, won a mammoth $1.47 billion jury award for their 47% stake in the truck-rental company that they claim was squandered by a competing family faction--which itself says the stake is worth far less than that. The jury also ordered son Joe, who named himself chairman of U-Haul in 1987, to fork over $70 million to his father in punitive damages for his "hateful and malicious dealings."
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