Judge Approves Pay Bump For Jackson Estate Admins
First Published: December 19, 2011 2:08 PM EST Credit: Getty Images
LOS ANGELES, Calif. -- The executors of Michael Jackson’s estate are getting a pay raise.
A judge on Monday approved a request by the two men running the late pop star’s estate to receive additional compensation for their professional services.
Jackson’s estate is overseen by attorney John Branca and music executive John McClain.
They say in court filings that they have so far been paid less than the 10 percent of gross entertainment-related earnings of the estate that they agreed to split for managing the singer’s business affairs.
The deal allows Branca’s law firm to bill separately for its work, which was previously part of his share. McClain will now be paid for use of his recording studio.
Jackson’s estate has earned more than $300 million since his June 2009 death.
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