Is Lifeway Foods a real-life CPG industry version of the hit television series Succession? About 16 years after the cultured dairy brand was founded, the daughter and son take over as CEO and COO respectively…when their father dies of a heart attack. But while Lifeway Foods (NASDAQ: LWAY) has generated years of growth, family members filed an SEC consent statement that argued “significant and repeated failures of corporate governance have harmed the business, its employees, and driven poor financial results for shareholders.” The brother, who left in 2022 and now serves as the president of a rival company…stated recently that leadership failures caused Lifeway Foods to fall behind other leading brands like Chobani. Additionally, claiming that “the company is running on autopilot and they’re woefully under investing in marketing.” And if that wasn’t enough…there’s a website detailing the daughter’s supposed deep and conflicting personal motives.