Could make good executors of the estate?

The seem to be doing a pretty good job with MJJ no?

Reading this made me nervous.

http://www.jobsnhire.com/articles/41740/20160425/purple-prince-empire-struggling-business-death-sister-takes-tyka.htm


Here is what I would do. Make guys like the executor. Deal makers who can make money off of the estate. have them report to a board composed of a couple member of Princes family (they have the majority vote) a creative like Jimmy Jam and Terry Lewis and a Historian Like Alan Leeds.

Get a University to house the works. Or better yet have a University manage the archival but run it out of Paisley Park.

You should have three separate groups, one making money off the estate (for the benefit of heirs), one creating music our of the estate and the other preserving the history and the three groups should checks and balance over each other. the Business side can't do something that fcuks up the creative legacy (i.e, Jimmy can't allow them to put out wack music).


Or the family should host an RFP for different groups to come in and pitch to them how they would manage the estate.


There is a right way to do this, and yet, so many ways it can go wrong.




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"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"