Tuesday, September 30, 2014
The Rollins family is known for two things: killing vermin and throwing parties. Unfortunately, for the Rollins family, the party is over.
Orkin, and the nine related extermination companies housed under Rollins Inc., remains the leading company in pest control. When Glen sued his father, Gary, CEO of Rollins Inc., as well as his uncle Randall, company chairman, one of the nastiest intergenerational battles took place. Glen’s three siblings joined in the lawsuit, claiming they were being denied their rightful cash allocations. While Randall’s five children stuck by him and Gary, Ruthie took her children’s side when she filed for divorce from Gary after 45 years. In this money fight, fathers, sons, wives, and cousins were pitted against each other, “It’s like a Greek tragedy.”
The feud, which has played out over the past four years, may finally reach a finale—the trial in the core case, deciding whether the older generation is withholding handouts, is projected to begin next year.
Yet it is clear that a verdict is already in: “A lifetime’s work, and a family legacy, was destroyed by shoddy estate planning and questionable parenting.” Glen stated, “There’s plenty of assets. It has to do with extreme and destructive efforts by my father and uncle to control. No one disputes those assets are ours.”
A spokesman for Gary and Randall contend “The plaintiffs’ lawsuits are motivated by greed and self-interest . . . They have no regard for the structure of the Rollins family assets.”
See Clare O’Connor, Inside an $8 Billion Family Feud: Who Poisoned The Orkin Fortune? Forbes, Sept. 29, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.