Jim Buss Removed As Co-Trustee Of Lakers

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Jim Buss Removed As Co-Trustee Of Lakers

Post by bobheckler on Tue Mar 28, 2017 1:09 pm

http://basketball.realgm.com/wiretap/245421/Jim-Buss-Removed-As-Co-Trustee-Of-Lakers



Jim Buss Removed As Co-Trustee Of Lakers



MAR 27, 2017 1:24 PM


Jim Buss resigned as a co-trustee as part of a requirement by Jeanie Buss to resolve his takeover attempt.

Her younger sister and staunch ally, Janie, replaced the brother, joining Jeanie and Johnny Buss as co-trustees.


“The message is clear here: Do not underestimate Jeanie Buss,” her attorney, Adam Streisand, told the Los Angeles Times. “There is not going to be a palace coup. Not now. Not ever.”

The brothers called an annual shareholders meeting last month, three days after Jeanie Buss overhauled the front office. She hired Magic Johnson as president of basketball operations and removed Jim Buss as executive vice president of basketball operations.

The family trusts require her to serve as controlling owner.


bob
MY NOTE:  If you strike at the King (or, in this case, the Queen) you had better kill them.  If the family trust requires her to serve as the controlling owner then everything that Jim Buss has done; from hiring and firing coaches without consulting her, as well as shoving her fiance out the door along with his hand-picked successor (Brian Shaw) shows the mind-boggling arrogance and ineptness of the man.  He thought he had more weight than he had, both intellectually as well as legally.  With Jeannie, Rob Pelinka and Magic running the show the Lakers can now start to turn the ship around.  It will take years though.



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Re: Jim Buss Removed As Co-Trustee Of Lakers

Post by cowens/oldschool on Tue Mar 28, 2017 7:43 pm

How the fock do you sign Luol Deng and Mozgov to those kind of contracts? He was the worst talent evaluator I can think of in a long time.
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