the usual censorship from ivy of mjjcommunity(page 2)

pdfcrowd.comopen in browser PRO version Are you a developer? Try out the HTML to PDF API

Forum MJJCommunity - Michael Jackson Community Trials And Tribulations

Michael Jacksons Money Man Also Has Sony/ATV Side Gig

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register beforeyou can post: click the register link above to proceed. To start viewing messages, select the forum that you want tovisit from the selection below.

Advanced Search register or login

FAQ Calendar Forum Actions Quick Links

what's new? articles blogs

Wills, Estates and Trusts35 years of legal experience Power of Attorney

forum


Thread: Michael Jacksons Money Man Also Has Sony/ATV Side Gig Tweet 0

Results 16 to 30 of 95

Page 2 of 7 1 2 3 4 ...First Last

Thread Tools Display

19-04-2015, 02:55 AM

Re: Michael Jacksons Money Man Also Has Sony/ATV Side Gig

me neither. he advises sony/atv, sony/atv makes money - sony makesmoney, estate makes money, he makes money. I guess some see thedouble position as a possible conflict of interest.

#16

Join Date:Location:Posts:Thanks:

Thanked 31,662 Times in 6,700 Posts

Sep 2009USA14,708413

ivy

Originally Posted by Autumn II

but I can't see how it would affect or in any way compromisehis duties to the estate.

Twitter : Ivy_4MJ


The Following User Says Thank You to ivy For This Useful Post:

Autumn II

19-04-2015, 03:50 AM


Barbee0715, I would like to know what you discover regarding theconsultant role Branca requested to Sonys surprise if you (or others here)do look further into this. The conflict appears in the consultant role herequested, not his role as a member of the Sony/ATV board.

Should prove to be an interesting discussion at that time.

#17

Join Date:Posts:Thanks:Thanked 1,088 Times in 591 Posts

Jul 20121,8261,317

Tygger

Originally Posted by barbee0715

^^ok thank you both for the info and for the link. I read thelink on my phone.

What I read made it sound like a conflict due to reporting to a3 person team, including a member of the Estate. Well that'shim or McLain. When I get to a PC I will try to look further.Thank you.


19-04-2015, 04:01 AM


^ok. I'm on wiki leaks now, actually. So far I'm finding memos about terms,bonuses, expenses. Nothing about the job itself.

If I (or anyone else find something maybe we can start a separate thread inthe Trials section.)

#18

Join Date:Location:Posts:Thanks:Thanked 2,072 Times in 854 Posts

Sep 2012Texas, USA1,8737,032

barbee0715

19-04-2015, 04:02 AM


Branca is an entertainment lawyer. That he would consult for Sony, makessense. That he would be asked to be on the Sony board of directors, alsomakes sense. The estate has a huge interest there, so the financial health ofSony benefits the estate. Whether or not it's a conflict depends on Sonypolicies about the dual role.

#19

Join Date:Location:

Jul 2011Appalachians in the

U.S.

Autumn II


Posts:Thanks:Thanked 2,030 Times in 523 Posts

U.S.9,019637

The Following 9 Users Say Thank You to Autumn II For This Useful Post:

Annita, barbee0715, Bubs, Garden, Gold Pants Girl, InvincibleTal, ivy, LindavG, respect77

19-04-2015, 12:11 PM


LOL! You know Taaj has her mouth all over this!

#20

Join Date:Location:

Posts:Thanks:


Apr 2010Westland, Michigan,

United States1,8275,497

Victory22



19-04-2015, 12:31 PM


And I would think they wouldn't hire him if it was against their policies.Again, I'm glad he's on the board to protect the assets. And to guide andadvise them with new investment opportunities.

He's one of the very best entertainment lawyers ever-he brokered the dealfor the Rodgers and Hammerstein Estates ' catalog a few years ago, the onlytime the Estate didn't make it in the top highest earners that year.

#21


Sep 2012Texas, USA1,8737,032

barbee0715


Branca is an entertainment lawyer. That he would consult forSony, makes sense. That he would be asked to be on the Sonyboard of directors, also makes sense. The estate has a hugeinterest there, so the financial health of Sony benefits theestate. Whether or not it's a conflict depends on Sony policiesabout the dual role.

Last edited by barbee0715; 19-04-2015 at 05:30 PM.


19-04-2015, 01:12 PM


Based on the link Ivy provided, from leaked Sony email, these seems like aninternal dispute at Sony having to do with personalities? That he wouldhave either position is reasonable, but maybe policies aren't clear onsomeone having both those roles?

I'd say -- the world may, indeed, abound with "conspiracies," but this reallydoesn't seem to be one of them (and trying to make something out ofessentially -- nothing -- still produces nothing).

#22

Join Date:Location:



U.S.9,019637

Autumn II


And I would think they wouldn't hire him if it was against theirpolicies. Again, I'm glad he's on the board to protect the assets.And to guide and advise them with new investmentopportunities.

He's one of the very best entertainment lawyers ever-hebrokered the deal for the Rogers and Hammerstein Estates 'catalog a few years ago, the only time the Estate didn't make itin the top highest earners that year.


The Following 3 Users Say Thank You to Autumn II For This Useful Post:

Bubs, Gold Pants Girl, LindavG

19-04-2015, 01:13 PM


When I remember correct there were 2 timmes Michael was not on the top.

2009, Yves Saint Laurent-Estate sold the assests

and the year E. Taylor died becuause of selling her jewelery-collection

#23


Jul 2011Germany1,5174,901

Annita


He's one of the very best entertainment lawyers ever-hebrokered the deal for the Rogers and Hammerstein Estates 'catalog a few years ago, the only time the Estate didn't make itin the top highest earners that year.


19-04-2015, 01:21 PM


^yes-I remember that too. I need to try and see if I can find where they fell.I'm remembering as #1 but that must be wrong. I was just shocked that the Rodgers and Hammerstein families sold it.They're super protective.

#24


Sep 2012Texas, USA1,8737,032

barbee0715


19-04-2015, 01:56 PM


Found it-2009: (Oct 1, 2008-Oct1, 2009) 1. YSL2. R&H3. Michael

#25

barbee0715


3. Michael

The only deal for Michael at that time was TII. Didn't really count yet -ithadn't time to even hit theaters.

So he made #3 just on the Sony deal for TII and all the sales of his backcatalog.


Sep 2012Texas, USA1,8737,032


20-04-2015, 02:28 AM


No. The conflict depends on the roles and responsibilities of the consultantrole and how that role affects an executor's fiduciary duty.

#26


Jul 20121,8261,317

Tygger


Whether or not it's a conflict depends on Sony policies aboutthe dual role.

20-04-2015, 03:20 AM #27


20-04-2015, 03:20 AM


The role of executor is to preserve and grow the estate. Sony investmentsare a large part of the estate. The role of a consultant is to advise Sony, totheir financial advantage. The roles are congruent. The better Sony does, thebetter the estate does. Not only is it not a conflict, but it is to the advantageof the estate to have Branca involved with Sony strategies. They are not atcross-purposes, and I don't see any way it would NOT be of mutualadvantage.

(edit) If Branca were consulting for a company where the estate was notinvolved, I could see that could be a time-constraint to fiduciary duties. Butthat is not the case here.

#27

Join Date:Location:



U.S.9,019637

Autumn II

Originally Posted by Tygger

No. The conflict depends on the roles and responsibilities ofthe consultant role and how that role affects an executor'sfiduciary duty.

Last edited by Autumn II; 20-04-2015 at 03:25 AM.


20-04-2015, 03:40 AM


Without knowledge of what Brancas consulting role truly entailed, it isillogical for one to suggest if the consultant role would pose a conflict ofinterest or not.

Adding: from Ivy's link that you referred to in a previous post.

#28


Jul 20121,8261,317

Tygger


Not only is it not a conflict, but it is to the advantage of theestate to have Branca involved with Sony strategies. They arenot at cross-purposes, and I don't see any way it would NOTbe of mutual advantage.

Excluded services -- This arrangement does not cover hisposition as Executor or lawyer to the Estate or role as aRepresentative on the Sony/ATV Board, it being acknowledgedthat he has different obligations in those capacities.

No conflicts -- Written confirmation by John Branca that thisarrangement does not violate any fiduciary duty owed to anyclient or arising as a result of his role as Executor, and doesnot cause a conflict of interest with, or require any approvalsrelating to, his other roles, including his positions as Executor


relating to, his other roles, including his positions as Executorand lawyer to the Estate, lawyer to other clients, andRepresentative on the Sony/ATV Board

Last edited by Tygger; 20-04-2015 at 04:12 AM.

20-04-2015, 04:32 AM


I work as a consultant (not for Sony, though). It is very logical, actually. Aconsultant is hired to provide services of benefit to the company.Consulting work for Sony would be that which enhances the company, andthere is no logical reason why it would be otherwise, as my own consultingwork is of benefit to clients. His duty to the estate is to preserve and growthe estate. It is LOGICAL that something that enhances the company, alsobenefits the estate. In the quote above, it says that Branca has confirmed inwriting that there is no violation of any fiduciary duty . . . . arising from his

#29

Join Date:Location:



U.S.9,019637

Autumn II

Originally Posted by Tygger

Without knowledge of what Brancas consulting role trulyentailed, it is illogical for one to suggest if the consultant rolewould pose a conflict of interest or not.


writing that there is no violation of any fiduciary duty . . . . arising from hisrole as Executor and lawyer to the estate. I don't believe he made a falsestatement. Unless you can provide a SPECIFIC instance where that dual rolewould present a conflict. .. moving on here.

20-04-2015, 04:53 AM


^^Questions please: what are you basing Brancas consulting role on? Youridea of what the role entails or what the role actually entailed? Withoutknowledge of what his role would actually entail, how are you able tosuggest if it is a conflict or not?

#30


Jul 20121,8261,317

Tygger


In the quote above, it says that Branca has confirmed inwriting that there is no violation of any fiduciary duty . . . .arising from his role as Executor and lawyer to the estate. Idon't believe he made a false statement. Unless you canprovide a SPECIFIC instance where that dual role wouldpresent a conflict. .. moving on here.


Previous Thread | Next Thread

It dose not say that at all. In the quote above, a Sony employee suggests adraft of what to propose to Branca for the consultant role he requested. Ifyou have no knowledge of what his service would actually entail, you wouldnot know if I state false responsibilities or factual responsibilities.

Page 2 of 7 1 2 3 4 ...First Last

Quick Navigation Trials And Tribulations Top

Facebook

Twitter

Google

Digg

Bookmarks

You may not post newthreadsYou may not post repliesYou may not postattachmentsYou may not edit yourposts

Posting Permissions

BB code is OnSmilies are On[IMG] code is On[VIDEO] code is OnHTML code is On

Forum Rules


about mjjcommunityWe are MJJCommunity - The MichaelJackson Community, here for Michael hislegacy and the fans since 2001, weencompass all areas of the web so why notjoin us the fans of Michael Jackson.

linksMJJCommunity

MJJCommunityBlog

MJJCommunityRadio

---- MJJC v2.0 Widescreen

join us

Contact Us | MJJCommunity - Michael Jackson Community - Official Fan

Club Forum | Archive | Top

All times are GMT. The time now is 10:10 PM.

Powered by vBulletin Version 4.2.2 Copyright 2015 vBulletin Solutions, Inc. All rights reserved.

MJJCommunity - Michael Jackson Community 2014

the usual censorship from ivy of mjjcommunity(page 2)

Documents