Jeanie hadn't just taken control of the iconic sports franchise that her father, Dr. Jerry Buss, had passed down to his six children. According to the terms of Dr. Buss' trust, that would require the approval of four of the six siblings.
Johnny and Jim's March takeover attempt seemed to hinge on whether Jeanie had the nerve to file a lawsuit to stop them.She did.
Jeanie was determined that if this battle was going to have an ugly ending, the ugliness should be over as quickly and decisively as possible. Johnny Buss was effectively proposing two new board members -- Jim Buss and Chaudhari -- to replace Jeanie and Joey. Gerald Hatten Buss (January 27, 1933 – February ... Buss' marriage to the former JoAnn Mueller ended in divorce in 1972 after having four children: Johnny (b. And since Johnny and Jim had two of the three trusteeships, Jeanie couldn't stop any of those moves without going to court.
"He always said, 'You have to have a shell and be able to repel water because you're going to get pelted,'" Jim said in 2013. "The next day, she sent an email to everyone saying, 'If any trades being discussed include our young players, please notify me so I can sign off. Or maybe Dr. Buss just knew long ago that she had the guts to actually do it. He made the Lakers franchise; he made us famous.
And so on March 2, they filed a temporary restraining order and sued Jim and Johnny Buss for breaching their responsibilities as trustees.In 2001, Dr. Buss placed the 66 percent of the Lakers that he owned into four trusts. My dad's dying wish was to leave the Lakers to all of us and that we would all get along. He barely was able to meet my first-born.
Jane Carrey was born on September 6, 1987 in Los Angeles, California, USA as Jane Erin Carrey. Then, Streisand says, they attempted to take out multimillion-dollar loans against the trust and disburse that money to the six siblings. "But he did empower me that if there was ever a threat, that I had the power and authority to do this.
"They never communicated with my other siblings why they were firing our accounting firm or why they were changing lawyers representing the trust," Jeanie says.Instead it was Jeanie who informed her three other siblings that the accounting firm had been switched and of the attempted loans against the trust. That’s the goal.”Players in the Development League have a goal of making it to the NBA. So the mere act of calling an in-person meeting was unusual and, to Jeanie and her lawyers, perceived as somewhat hostile.Around this same time, Streisand says, the two older brothers were attempting to change the way the trust operated.
"They were like, 'No. For Johnny, Janie believes the appeal was leaving more of the Lakers fortune to his children -- the way the trust is set up now, if any of the six Buss kids dies, that share in the trust gets evenly divided among the surviving siblings.
"My dad always looked at Earvin as another son.
1961) and Janie (b. Joey owns 11% of the Lakers, the same as his brothers and sisters, and five years ago was put in charge of the D-Fenders, also now owned by the Buss family.He straddles two uniquely different worlds — hoping games against the Fort Wayne Mad Ants don’t go awry but also sitting in on family meetings to discuss the future of the Lakers.Of the latter, yeah, he’s sad about a 14-55 record and another apparent trek to “worst season ever” status, which the Lakers appeared to have hit last year with only 21 victories.“On a scale of one to 10? You may occasionally receive promotional content from the Los Angeles Times. He had the utmost respect. “I can speak for myself mostly, but I think my dad’s legacy is so strong with the basketball world. "I don't think any of us really need that money outside of them.
They just didn't realize in real life they were five steps ahead over the cliff. "It's not about Jeanie, it's about what's best for the Lakers. Johnson had sold his Lakers shares, and he became part owner of the Los Angeles Dodgers in 2012, seemingly moving on from the dream of a role with the Lakers.
Instead, she cracks open a sugar-free Red Bull. "Jim's motivation, Jeanie's lawyer believes, was for a quick payout. But his dream was for all six of his children to have roles in their father's kingdom.
On Feb. 24, three days after Jeanie fired her brother, she received a letter from Johnny Buss that laid bare a plan that looked to attempt to oust her from power, making it impossible for her to act as controlling owner by removing her from the board of directors.
The consolidated trusts have been amended and updated several times, each time signed by the three trustees -- Johnny, Jim and Jeanie. 1988).
"There are half a dozen boxes of Veuve Clicquot champagne in the hallway outside her office that have been sitting there for who knows how long. "He would not have done that if he didn't want Earvin to be a part of it," Janie says. The directors simply agreed to electronically submit their votes for controlling owner -- always Jeanie, per Dr. Buss' trust.
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