Origins
EPE was originally set up in 1954 by Elvis Presley's then manager, Bob Neal, to exploit what he hoped would be profitable merchandise opportunities. After Elvis signed with Colonel Tom Parker in 1955, EPE became a part of Parker's operations and ceased to officially exist.
After Elvis' death on August 16, 1977 at Graceland, his will appointed his father, Vernon Presley, as executor and trustee. The beneficiaries of the trust were Vernon, Elvis' grandmother Minnie Mae Presley, and his nine year old daughter Lisa Marie Presley. After Vernon's death in 1979, Elvis' ex-wife Priscilla Presley was named as one of three trustees by his will along with the National Bank of Commerce in Memphis, which was the bank Elvis and Vernon had done business with, and Joseph Hanks, who had been Elvis and Vernon's accountant for a number of years. With Minnie Mae's passing in 1980, Lisa Marie became the only surviving beneficiary named in Elvis's will.
Read more about this topic: Elvis Presley Enterprises
Famous quotes containing the word origins:
“Compare the history of the novel to that of rock ‘n’ roll. Both started out a minority taste, became a mass taste, and then splintered into several subgenres. Both have been the typical cultural expressions of classes and epochs. Both started out aggressively fighting for their share of attention, novels attacking the drama, the tract, and the poem, rock attacking jazz and pop and rolling over classical music.”
—W. T. Lhamon, U.S. educator, critic. “Material Differences,” Deliberate Speed: The Origins of a Cultural Style in the American 1950s, Smithsonian (1990)
“Lucretius
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smiling carves dreams, bright cells
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—Robinson Jeffers (1887–1962)
“The settlement of America had its origins in the unsettlement of Europe. America came into existence when the European was already so distant from the ancient ideas and ways of his birthplace that the whole span of the Atlantic did not widen the gulf.”
—Lewis Mumford (1895–1990)