King John

This is one of the oldest royal ceremonies, dating back at least as far as the 13th Century and the reign of King John.

As a younger son to King John II of France, Philip had received Burgundy as a compensation prize while his elder brother Charles V succeeded to the throne.

A well-received performance as the doomed prince in Shakespeare's King John helped him make the decision.

Think of Bad King John versus Good King Richard, in the 12th Century power struggle between brothers, that was depicted in a 1970s Disney movie.

It may have been drawn up under England's King John, but these days it belongs to David M. Rubenstein.