Wednesday, February 27, 2008
Johnson & Johnson Heir’s Films Cause Discord among Family and Friends
The following is from Robert Frank, The Rich Man's Michael Moore, online.wsj.com, Feb. 23, 2008:
Jamie Johnson, heir to the Johnson & Johnson fortune, used to be an accepted member of the New York elite, with a trust fund, a top education and loads of old-money friends. Now, thanks to his film career, he's not as welcome.***
The films have generated their share of controversy. "Born Rich," which featured several of Mr. Johnson's childhood friends talking about everything from drugs to prenuptial agreements, sparked a lawsuit and accusations from a few of his friends that Mr. Johnson portrayed them unfairly.***
"The One Percent," which is running on Cinemax until April 1, has spawned its own mini scandal. After Warren Buffett's adopted granddaughter, Nicole Buffett, spoke to Mr. Johnson on camera about her views on money, Mr. Buffett sent her a letter stating that she was not legally his granddaughter[.]***
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.
https://lawprofessors.typepad.com/trusts_estates_prof/2008/02/johnson-johnson.html
Good for Jamie, the only thing money entitles you to is respect for those that are less fortunate then you, compassion for those that are in need of guidance, forbearance and the need to educate those that want others to do for them, without doing for themselves and the understanding that you can not change any one, that the choice lies with them, and they must make that choice. A penny is equal to entitlement which applies to the youngest/oldest in our society. Spitzr
Posted by: Spitzr | May 28, 2009 9:52:15 AM