Tag Archives: Harold Hamm

business news, legal news

Such wealth is mind-boggling

The late golfing great Bobby Jones once said of a young golfer who would become the greatest in his sport’s history that Jack Nicklaus “plays a game with which I am not familiar.”

Accordingly, an Oklahoma divorce settlement dispute is dealing with money with which I — nor most normal Americans — are unfamiliar.

I cannot get over what the former wife of an Oklahoma business tycoon is asking.

Harold Hamm offered to write his former wife, Sue Ann Arnall, a check worth $975 million to settle everything. It would be over. The two of them would part company and never have a word to say each other … ever again!

She refused the money.

Why? The bottom line is that it’s not enough.

http://www.msn.com/en-us/news/us/harold-hamm-offers-dollar975-million-divorce-check-ex-wife-rejects-it/ar-BBhBvJS

Wow! And double, maybe triple, wow!

Arnall is appealing the initial divorce settlement of $1 billion. Her ex-husband has been accruing interest and penalty charges of $93,000 per bleeping day.

The guy wants out. His wife is arguing that she deserves more than the amount ordered by the court.

Now she’s refusing a one-time payment of nearly a billion bucks.

What in the name of the deepest of pockets am I missing here?

https://highplainsblogger.com/2014/11/15/1-billion-settlement-just-isnt-fair/

Someone help me out. Please.

 

legal news, national news

$1 billion settlement just isn't fair

1 Comment

There’s just no pleasing some people, I reckon.

Consider the case of Sue Ann Hamm, former wife of Harold Hamm.

Ms. Hamm got a billion-dollar settlement from an Oklahoma court in her divorce action against her ex-husband. A billion bucks!

Was it enough? Nope. She’s going to appeal the settlement.

http://money.cnn.com/2014/11/14/luxury/harold-hamm-divorce/index.html?hpt=hp_t2

“Sue Ann is disappointed in the outcome of this case,” said her lawyer Ron Barber. “She dedicated 25 years as Harold’s faithful partner in family and business.”

Harold Hamm reportedly is worth around 20 bil, so I reckon his ex-wife wants a bigger piece of that action.

OK, I’m not a party to this divorce action. I’m just sitting out here in the peanut gallery, albeit not too terribly far from the Oklahoma state line. Still, I get that there’s a lot I don’t understand about this case.

I’ll acknowledge one thing that escapes my understanding: Why isn’t $1 billion enough?

Sue Ann can take the dough, stash some of it away for the kids, invest most of it in some secure stocks and other things, keep a healthy sum of it — say, $50 million or so — for herself and still live very nicely.

According to CNN.com, Harold Hamm is a big hitter: “Harold Hamm is somewhat of a legend in the oil businesses. He built the company from the ground up, pioneered the use of fracking and led the development of North Dakota’s Bakken oil field.”

Well, absent a pre-nuptial agreement, the former couple is left to settle this matter as amicably as they can.

From my perch far, far away, a billion dollars looks pretty darn amicable.