John Branca
*One of the executors of Michael Jackson’s estate is defending the decisions made since the singer’s death, insisting officials have succeeded in ensuring financial security for Jackson’s three children.
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John Branca and John McClain were put in charge of the King of Pop’s affairs after he died in 2009, and they made headlines recently when Michael’s siblings Janet, Jermaine, Tito, Rebbie and Randy Jackson launched a public battle to have the pair removed as executors.
Tito and Jermaine subsequently withdrew from the bid to have them overthrown.
Branca claims the deals they put in place paid off the singer’s $200 million in debts and made sure his three kids – Prince, Paris and Blanket – are taken care of in the future.
“When Michael Jackson died, he was near bankruptcy. Now we know the kids will be okay,” Branca told The Associated Press. “Michael had a will and a trust and that’s what we follow… We feel Michael entrusted us with his legacy and with the future of his mother and children. We’re honoured and proud and passionate about celebrating Michael. It’s a labor of love for us. We love Michael.”
I find that hard to believe knowing that he was the sole owner of the Sony catalog. He trusted two white boys over his fortune…but the next decade, they will find some way to own that catalog.
Just so you know, the Executors of The Michael Jackson Estate are John Branca & John McClain. Yes, John Branca is white and John McClain is BLACK. John McClain went to Private School with the Jackson Brothers in the Valley, in CA. PER Jermaine Jackson’s current book. Not only John McClain was a childhood friend of the Jackson Family, he became a successful Music Exec at A&M Records. And yes John McClain gave Janet Jackson her 1st Music contract. That’s right. Also, Michael Jackson was never the sole owner of Sony Music Catalog. Michael was the Sole Owner of ATV Music Catalog ( Some of Elvis, the Beatles, etc.). A joint venture between SONY/ATV was formed later because MJ was in debt. MJ’s kids and Mother are the benefactors of his Estate. The Executors make sure that that debt, judgements in lawsuites, bills, and new deals are made. And yes they are getting the standard percentage of pay for their hard work. MJ’s massive debt of $500 is almost completely paid off. Projected by the end of 2012. Finally, major profits are a coming. MJ kids and mother will be very wealthy………..A major MJ fan. RIP MJ.
I LOVE the comment Penelope, I have been telling ppl that in this world we do have educated ppl, who are actually very intelligent. I don’t mind Branca, he does a darn good job,and for a white dude, he isn’t that bad looking either. He must have had something special with MJ, that pic back in 87 is at his wedding, didn’t he get MJ to be his best man…