- 22 -
fication of the trustees and the fact that the litigation among
the children was so hotly contested and bitter, the children were
unable to find candidates who were willing to serve as independ-
ent trustees of the trusts, and the 1994 plan for settlement did
not result in settlement and dismissal of the litigation among
the children.
During a period of time starting at least as early as 1994
that is not disclosed by the record, C. Rivers Stone was a member
of three organizations: the Young Presidents Organization, the
World Presidents Organization, and the Chief Executive Organiza-
tion (collectively, Management Organizations). At the respective
membership meetings of those organizations, various members
discussed, inter alia, certain problems that they were having and
other members suggested different ways of dealing with such
problems. C. Rivers Stone had very close friends who were also
members of the Management Organizations and who were aware of the
litigation among the children and the children’s concerns regard-
ing Mr. Stone’s and Ms. Stone’s assets. At certain of the
respective meetings of those organizations, the members discussed
that litigation and those concerns and various ways of dealing
with them. Sometime during 1995, certain members of the Manage-
ment Organizations who were friends of C. Rivers Stone suggested
that the children utilize family limited partnerships as a way of
resolving the litigation among the children and the children’s
Page: Previous 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 NextLast modified: May 25, 2011