ETERNAL REVENUE : Elvis’ Millions Were Disappearing When Priscilla Presley Took Charge and Rebuilt the King’s Fortune
THREE DAYS AFTER HER former father-in-law, Vernon Presley, died in June of 1979, Priscilla Beaulieu Presley sat in a downtown Memphis office and tried to comprehend the sobering news she had just heard: Without drastic action, everything that Elvis Presley had left their daughter, Lisa Marie, could be lost. Even his beloved home, Graceland.Joseph A. Hanks, the Presley family accountant since 1969, is a conservative, soft-spoken man not given to dramatics. But the facts he had just outlined for Priscilla spoke for…