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43 million not enough; are you freaking kidding me?
Topic Started: Mar 19 2009, 07:18 AM (497 Views)
MyGiantPony
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http://www.msnbc.msn.com/id/29760888/?gt1=43001

HARTFORD, Conn. - A 36-year-old Swedish countess divorcing a former CEO says she cannot live on $43 million.

Marie Douglas-David, a former investment banker, says she has no income and needs her 67-year-old husband, George David, to pay her more than $53,000 a week — more than most U.S. households make in a year — to cover her expenses.

David stepped down last year as chief executive at Hartford-based United Technologies Corp. but is still chairman of the board and has an estimated net worth of $329 million. He and his wife accuse each other of extramarital affairs. Their divorce trial started Wednesday.

"I'm just very sad that we are where we are," Douglas-David said. "I hope we resolve this soon so everybody can move on with their lives."

David briefly took the stand Wednesday. Asked if his marriage is irretrievably broken, he simply answered, "Yes."

Marriage was in trouble by 2004
David and Douglas-David married in 2002, but the marriage was in trouble by 2004, court papers show. Amid a series of reconciliations, the couple signed a postnuptial agreement in October 2005 that would give her $43 million when they divorce.

Douglas-David wants the agreement invalidated. She accused her husband of coercing her to sign it by preying upon her fears of being divorced and childless.

David is asking a judge to uphold the agreement. His attorneys asked for a separate hearing Wednesday on the document's validity, but the judge declined.

Douglas-David has filed court papers showing she has more than $53,800 in weekly expenses, including for maintaining a Park Avenue apartment and three residences in Sweden. Her weekly expenses also include $700 for limousine service, $4,500 for clothes, $1,000 for hair and skin treatments, $1,500 for restaurants and entertainment, and $8,000 for travel.

At that rate, Douglas-David would burn through $43 million in less than 16 years. The Census Bureau estimates that the median U.S. household income in 2007 was just over $50,000.

Anne Dranginis, an attorney for David and retired Connecticut Appellate Court judge, predicted that Douglas-David will get much less money in the divorce if she doesn't accept the terms of the postnuptial.

Wife quit her job as investment banker
In court papers, Douglas-David said she quit her job as an investment banker for Lazard Asset Management to travel and entertain with David, who still earns $1 million a year from United Technologies. While chief executive in 2007, David made nearly $27 million in salary and bonuses.

Douglas-David's legal team includes prominent New York divorce attorney William Beslow, who represented Mia Farrow in her child-custody suit against actor-director Woody Allen and Marla Maples in her divorce from Donald Trump.

United Technologies is the parent company of Carrier, which makes air conditioning units, and Otis Elevators. It also owns Sikorsky, which makes commercial and military helicopters, and Hamilton Sunstrand, an aerospace manufacturer that makes components for NASA's space program.

David is expected to return to the stand Thursday for several days of testimony.

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Buryinghill1
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I just read that too. Get a job, lady. $1000 per week for hair, and skin... They have been married 7 years. Wouldn't she get 1/2 of what they made in that 7 years? Take the 43million and run, lady. Except your lawyers will probably take half of THAT.
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Indy
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My Tom!
I don't think I've spent $4500 on clothes in the past 10 years combined, let alone last week!
And $8,000 a week for travel?! Every week?!
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OpticalIllusion
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Can I have his phone number now that he is single? ;)
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Casey1
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Magical Leopluridon
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OpticalIllusion
Mar 19 2009, 09:25 AM
Can I have his phone number now that he is single? ;)
:rofl: :rofl: :rofl: :rofl:

I was wondering if I can get on a list as a long lost relative. Heck I would be happy with MUCH less and he wouldn't even miss it!!!

i have always thought we have become a glutenous society, I guess she is the poster child!!!
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CDE Driver
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Ah, the lives of the rich and vapid.... :shoot:
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TarynJ
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Heck, if she doesn't want it, I'll take it! :teehee:
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MyGiantPony
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Pic of the lovely couple:

http://nymag.com/daily/intel/2008/12/george_david_spends_200k_a_wee.html
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jillincolorado
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I don't even know what to say. I think her view of a "normal life" is somewhat...skewed. :rolleyes:
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OTF
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Well, she sure is very pretty. I'd suggest cutting the jewelry budget before her earlobes hang down to her shoulders. (But then, I'm just a cranky old biddie!) :lol:
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Trialbyfire
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Divorced and childless with $43M in my pocket??? I have that dream all the time!!! Heck, just the divorced and childless part sounds good sometimes too...... :teehee: Oh wait....you can't actually divorce your own kids. Hmm. OK, divorced (with kids) and $43M? Woohoo!! :woot:

Take the money and run, honey - and keep yourself out of the newspapers. Could she be any more embarrassing considering the state of the economy right now? :argh: Yes, all know there are uber-rich people out there...but please, keep your ridiculous luxuries to yourself.
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jillincolorado
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OTF
Mar 19 2009, 04:18 PM
Well, she sure is very pretty. I'd suggest cutting the jewelry budget before her earlobes hang down to her shoulders. (But then, I'm just a cranky old biddie!) :lol:
:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

...her FLOWER budget per week is more than I pay for full board in a MONTH. FLOWERS! :o
Edited by jillincolorado, Mar 19 2009, 04:56 PM.
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OTF
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Trialbyfire
Mar 19 2009, 04:47 PM
Divorced and childless with $43M in my pocket??? I have that dream all the time!!! Heck, just the divorced and childless part sounds good sometimes too...... :teehee: Oh wait....you can't actually divorce your own kids. Hmm. OK, divorced (with kids) and $43M? Woohoo!! :woot:
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OTF
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Trialbyfire
Mar 19 2009, 04:47 PM
Divorced and childless with $43M in my pocket??? I have that dream all the time!!!
TBF, we're on the same wavelength!!! :rofl:

If I were in that situation, some donkey ears would be draggin' on the ground from all that bling!
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jillincolorado
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OTF...DONKEY wigs and BLING! Eureka!!! :rofl: :rofl: :rofl:
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