Saturday, March 28, 2009

SCRAPING BY ON $43 MILLION

"HARTFORD, Conn. – Former United Technologies Corp. chief executive George David and his wife are doing battle in Hartford in a divorce trial that shines light on the couple's extravagant lifestyle. David and Swedish countess Marie Douglas-David married in 2002. They signed a post-nuptial agreement in 2005 that would give the 36-year-old Douglas-David $43 million when the couple divorces. The 67-year-old businessman wants the court to uphold the agreement. His wife says the money isn't enough to maintain her $53,000-per-week living expenses. Their divorce trial started Wednesday because they were unable to reach an out-of-court settlement. David stepped down as chief executive of United Technologies last year, but remains chairman of the board. He has an estimated net worth of $329 million."
(Yahoo News, 18 March) RD

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