Doug Posted March 19, 2009 Posted March 19, 2009 Source Quote: HARTFORD — 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." 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. She's asking to be awarded about $100 million in cash and stock, plus $130,000 a month in alimony. David is asking a judge to uphold the agreement and order Douglas-David to vacate their Park Avenue apartment but keep their properties in Sweden. 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. 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. -------------------------------------- I didn't know greed reached this level. I would be happy with 1/10th of that. I hope the judge awards her ZERO. Go out and get a job like the rest of us. And I always say if you make over 5 Million per year you don't need to be married. Quote
Members phkrause Posted March 19, 2009 Members Posted March 19, 2009 I was going to say something, but I guess there really isn't anything to say! pk Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Woody Posted March 19, 2009 Posted March 19, 2009 Go ahead pk ... say it anyways. I speak all the time when there is nothing to say. Quote May we be one so that the world may be won. Christian from the cradle to the grave I believe in Hematology.
jlbyrd Posted March 19, 2009 Posted March 19, 2009 It's horrible how some people waste money. People are starving all over the world but this lady needs over $50,000 every week just to live a "normal" life? I think her husband should request that she undergoes a mental examination. Quote www.reviewandherald.tumblr.com
Cosmin M. Posted March 19, 2009 Posted March 19, 2009 I I think her husband should request that she undergoes a mental examination. You don't know how much I agree on that.... Quote
Neil D Posted March 19, 2009 Posted March 19, 2009 talk about your "high priced woman"....she takes the cake.. Quote Democracy is a device that ensures we shall be governed no better than we deserve. George Bernard Shaw
Outta Here Posted March 19, 2009 Posted March 19, 2009 It takes two to tango. Even if she is awarded $100 million, it's still less than 1/3 of his net worth. Anyone curious as to what he does with all his millions? Quote
SivartM Posted March 21, 2009 Posted March 21, 2009 That's... Ridiculous. *shakes head* Quote "Always forgive your enemies; nothing annoys them so much." - Oscar Wilde�Do to others whatever you would like them to do to you. This is the essence of all that is taught in the law and the prophets." - Jesus
olger Posted March 22, 2009 Posted March 22, 2009 She could get a paper route. og Quote "Please don't feed the drama queens.."
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