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Michael Jackson Executors Want 10%

1/22/2010 6:19 PM PST BY TMZ STAFF

Michael JacksonMichael Jackson's executors want 10% of the profits from most things Michael Jackson.

In legal docs filed today, lawyers for John Branca and John McClain asked the court to green light compensation to the tune of 10% of all profits, excluding profits from "This Is It" and profits from the Sony/ATV and Mijac catalog.

Howard Weitzman, Branca and McClain's lawyer, notes that the estates of other big musicians pay out 15 to 25 percent of profits to people who run their businesses after death.

110 COMMENTS

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31.

Helen    

FOR THOSE OF YOU WHO DOESN'T KNOW
Trust agreement that Michael signed already has determined the fees for the executors. %10 is what they want on top of what was agreed.

THEN AGAIN, THE 2002 WILL IS A FORGERY
JOHN BRANCA PREPARED & INITIALED IT

IS MICHAEL JACKSON'S WILL VALID, Part 2 (Branca's signature looks like 2 initials from MJ will)
http://www.youtube.com/watch?v=IXjSmUUJuPo

1552 days ago
32.

Phyl    

Receiving a percentage inspires the executors to do their best! It's just basic math, the larger the total the more they receive. Get it!

1552 days ago
33.

For Sure    

Just keep in mind If McClain and Branca(sp) want to make alot of money then Katherine and the Children make alot of money ...10% to them and 90% to the Estate...I a percentage is a good thing gives them more reason to make more money!

They could step it example:

Up to a certain amount 5% anything over that amount 10%....

See they need me to work for them???LMBO

1552 days ago
34.

For Sure    

Helen

I believe the amount is set by Law (not positive) at 5 % as executors.... I believe they are looking to increase it 5% to 10% then each making 5% ...MJJ estate is very complicated...As we all know all to well.. I absolutely think they deserve it... especially with The Jackson Family .....

1552 days ago
35.

L    

This is what they were after all along. Greedy executers and their greedy lawyer. 10% of over 100 million is stupid. Jackson would be the most wealthiest musician, he's not like any ordinary muso, that this lawyer tries to portray. His wealth is significant. He was wealthier than Elvis after death. His wealth was generated from his talent, any executer could have put business arrangements together. It's time for his family or someone to get rid of these two greedy men before there's nothing left.

1552 days ago
36.

L    

They should be paid a fee, but never a percentage!

1552 days ago
37.

Helen    

Come on guys, don't be so gullible!
With Michael's stature, managing his estate equals to managing a multiNATIONAL company. Executors are ALREADY getting paid as per the fee specified in the trust agreement. Executors wants MORE than what Michael signed for.

Sure if they make money, more money for the family. IS IT?
The family doesn't know what's in te estate, they are not in the know
If the executors are investing money offshore and pocketing the interest, noone would know! Tell me that Sony acquiring This is it copyrights was a coincidence? Did Branca het "compansated" for his "business decision". BECAUSE IN 2003, HE WAS GETTING PAID BY SONY TO FRAUD MICHAEL!!!! Which cause his TERMINATION!

Branca is familiar with CHEATING MICHAEL with offshore bank accounts
NO WAY IN HE$$ THIS GUY WAS REHIRED 8 DAY BEFORE MICHAEL DIED
JOHN BRANCA IS A LYING FRAUD!

IS MICHAEL JACKSON'S WILL VALID, Part 3
(2003 investigation & termination Letter to John Branca)
http://www.youtube.com/watch?v=tVGHcdZEHIs

1552 days ago
38.

A.B.    

Everyone in the music industry, publishing industry, film industry, ultimately live off someone's personal talent.

Imagine how many thousands of people over the years who have lived off Michael Jackson's talent alone, working for him directly or indirectly. His musical genius and energy gave those people a paycheck, a home and food on the table.

1552 days ago
39.

L    

What TMZ should do know is starting taking photographs of Branca's and Mcclain's family members, wife, kids, because these are the people who will profit from MJ's wealth. These two are trying to set up their own legacy through MJ's legacy. Conflict of interest when the same lawyer constructs a 2002 will, then becomes an executer. If TMZ start pursuing photos like these then these two executers will stop pushing the boundaries.

1552 days ago
40.

A.B.    

Helen, if you know all this - why the heck do you come to a gossip site with it? Why not go directly to the police? You think posters here are going to do anything?

1552 days ago
41.

KAYE    

HELLO? TMZ??? Are you conveniently forgetting the trash story you published TWO WEEKS ago claiming Dr Murray was about to face charges?? What happened with that... why are you ignoring the issue?? YOU GOT IT WRONG!!!!

JUSTICE FOR MICHAEL. NO MORE LIES. NO MORE MEDIA TRASH.

1552 days ago
42.

Glendetta    

I take it if Branca and McClain don't get what they want, then they will bail on Michael? If this story is even true.

1552 days ago
43.

For Sure    

Hi AB Long time no see... How are U?

I agree with you !!!!! We all make money off of some one's talent and I agree with you about Helen ...if she has proof go to the police!

I still want to know when they are going to press charges against Murray????? for Negligence?????

1552 days ago
44.

Em    

Don't know what to think of this. Branca and McClain seem to be doing a good job. Somebody has to watch over the future business; it may as well be them because they're both well versed in the business, especially Michael's business. I'm sure there's a lot of stuff to do for a very long time to come. I, for one, want to keep the Michael Jackson legacy alive so hiring a staff and managing the business may as well be by the two men Michael once trusted (and got rich with) the most. They'll have to work hard to make their paycheque and, in turn, the Estate will benefit. My question is this, who's auditing the books to ensure finances are handled properly and legally?

1552 days ago
45.

Melanie    

Sign me up, sign me up, I'll only bill you guys for 5%.
Love ya
MJJ

1552 days ago
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