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construction of a permanent soccer facility to be named the
Eugene E. Stone, III, Soccer Stadium; (3) Ms. Stone’s living
arrangements; and (4) the use of Ms. Stone’s credit cards.
With respect to the children’s concerns relating to the
management during their parents’ lives and thereafter of their
parents’ respective assets, Eugene Earle Stone, IV, had a partic-
ular interest in managing, and maintaining the value of, the
preferred stock of Stones, Inc. C. Rivers Stone was very inter-
ested and involved in real estate development7 and had a particu-
lar interest in managing Mr. Stone’s real property known as Piney
Mountain (Piney Mountain property).8 Ms. Morris, who had sub-
stantial expertise in business and financial matters, had a
particular interest in managing certain of her parents’ stocks
and securities, including at least some of Mr. Stone’s preferred
stock in Stones, Inc. Ms. Fraser, who had developed a deep
attachment to her parents’ Cedar Mountain property, had a partic-
7C. Rivers Stone pursued on a fulltime basis his strong
interest in real estate development after he stopped serving as
president of Stone Manufacturing around 1999. C. Rivers Stone’s
first exposure to real estate development was at the age of 13
when he helped his father build two 50-acre lakes on the Cedar
Mountain property. At the time of the trial in the instant
cases, C. Rivers Stone had been involved in five major real
estate development projects.
8Mr. Stone’s Piney Mountain property, located in Greenville,
S.C., consisted at least as early as 1994 of approximately 370
acres, which he accumulated over approximately 20 to 30 years.
During that time, Mr. and Ms. Stone maintained a vision as to how
the Piney Mountain property should be developed. C. Rivers Stone
shared that vision.
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