Tag Archives: Sue Ann Hamm

$1 billion settlement just isn't fair

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.