Michael Jackson’s mother, Katherine, is a nice lady with a big heart. But she doesn’t have an MBA or any other business degree despite an Associated Press article yesterday that made it seem as though she was the Warren Buffet of Encino.
Indeed, before a judge decides to add Mrs. Jackson as a decision maker in her’son’s complicated estate, he might consider’a few things.
To wit: Michael Jackson trusted his mother because’there was no one else to trust in the’family.
At the Hayvenhurst’Ave. Jackson home, Katherine’has had to make do over the years with hand outs from Michael and daughter Janet. The household came to a’grinding halt a couple of years ago when’Michael’though he loved his mother’didn’t make payroll at Hayvenhurst or Neverland. The situation was a total disaster, with much of the remaining staff leaving their jobs. Janet finally stepped in to help out.
Katherine Jackson ‘ despite other reports that she helped Michael decide to buy the Beatles catalog ‘ in her own words, in her book, “My Family, the Jacksons,” Katherine wrote: “I’m sure that his conversations with his celebrity friends and other successful people helped Michael make the decision to buy the Beatles’ catalogue.” She knew nothing else about it.
Also, the idea that Michael had anything to do with Little Richard’s music’catalog is preposterous. Michael had little or nothing to do with the actual administration of Sony/ATV Music Publishing from when it was created’in the mid-90s.’Although the idea of Michael Jackson’as a clever businessman was advanced by press geniuses like the late Lee Solters, the company was handled by lawyers and executives including Michael’s now executor, John Branca. Michael’s involvement was simply in using Sony/ATV as a leveraged asset.