Deadbeat Billionaire
by digby
Harold Hamm, chief executive of oil driller Continental Resources who is embroiled in a bitter divorce, offered to pay his former wife $974.8 million, but she rejected a hand-written check delivered to her legal team, his lawyer said on Tuesday.
Hamm’s offer to pay ex-wife Sue Ann Arnall immediately the full cash value of what he owes based on a November divorce ruling by an Oklahoma County judge was rejected, Hamm’s lawyer, Michael Burrage, said in an emailed statement.
“Ms. Arnall, through her counsel, stated that they were rejecting the … payment because Ms. Arnall did not want to risk the dismissal of her appeal by acceptance of the benefits,” Burrage wrote.
Both Arnall, who was formerly Sue Ann Hamm and resumed using her birth name after the divorce, and Hamm have appealed the November divorce judgment. Appeals are set to be heard by the Oklahoma Supreme Court, Reuters reported earlier.
Arnall, a former Continental executive who was married to Hamm for 26 years, contends that her award of around $1 billion in cash and assets was inadequate and allowed Hamm to keep the lion’s share of a fortune her lawyers valued as high as $18 billion.
Harold Hamm had already paid his former wife more than $20 million during the divorce proceedings.
You can’t blame her. After all, he didn’t even give her a whole billion dollars. How in the hell is she supposed to make ends meet? It’s cruel. However you can’t blame him for wanting to keep his full 18 billion either. His money has earned that money and they deserve to stay together. The whole situation is just heartbreaking.
It’s this sort of bullshit that turns ordinary people into radicals…
Read more: http://www.businessinsider.com/r-harold-hamm-offers-975-million-divorce-check-ex-wife-rejects-it-2015-1#ixzz3O5Obo3Fl