Let me take your mind off whatever anxieties you may have at the moment about your job by asking you this question: How would you like receiving $43 million as severance pay? To put that amount in context, consider that James Cayne, the former CEO of the now defunct investment bank Bear Stearns, got a severance package of $13 million. On the other hand, Kennedy Thompson, the former CEO of erstwhile banking giant Wachovia Corp., was paid a severance package of $8.7 million, while Richard Fuld, the disgraced CEO of the now bankrupt Lehman Brothers, was "terminated" without bonus or severance. As you can see, a $43 million severance pay is super even by CEO standards and you'd be a saint not to take it.
But according to Dave Collins of Associated Press, a former investment banker named Marie Douglas-David says she cannot live on $43 million, the amount of "severance" she is entitled to under a post-nuptial agreement in the event of divorce. That's why she'd like the court to have this agreement invalidated.
You see, she spends more than $53,000 a week on, among others, a Park Avenue apartment and three residences in Sweden, as well as "$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." With this kind of lifestyle, she spends in one week the equivalent of the annual income of most American families!
In other words, if she'll acquiesce to the $43 million "severance pay," she'd be penniless in less than 16 years at the rate she's burning money weekly. She's now 36, and probably doesn't relish the thought of working once more for Lazard Asset Management, her former employer, at the late age of 52.
So, how much would make her happy? About $100 million in cash and stock, plus $130,000 a month in alimony. Tsk, tsk, tsk.
The moral of the story? Guys, never ever marry a Swedish countess if you want to be happy for the rest of your life.
Have a nice day.
(Photo credit: Google Images)
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