A smidge more about Nibley's grandfather, Charles W. Nibley, from the book "Hugh Nibley: A Consecrated Life":
Ain't it funny how things work? But if Hugh had any antipathy towards business and making money, I think it fair to attribute that at least in part to the influence of his grandfather, a man he loved. Although Charles Nibley was hugely successful as a businessman, he realized that it didn't really bring happiness.