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Forum nameOkay Activist Archives
Topic subjectRE: Doesn't make sense
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=22&topic_id=9596&mesg_id=9656
9656, RE: Doesn't make sense
Posted by M2, Thu Jan-10-02 02:31 PM
>You asked:
><<IF, she really did set up
>and ran the thing and
>is such a good business
>woman, why didn't she:
>A. Have investments and businesses on the side?>>
>
>--Who said she didn't. Juanita was
>holding her own before Jordan
>as well.

It says in her Divorce petition that she has NOTHING, she can't even pay for the Divorce Lawyers, part of her suit, is to get Jordan to pay for her Lawyers.


><<B. Sue for her share of said corporation since she supposedly helped set it up? Her lawyer would have to be on crack not to do that, after all, that's worth more then his current fortune because you're guaranteed a share of all his future earnings.>>
>
>--She just might be suing for
>that as well. One thing
>though is that Mike is
>the face of the business
>and will continue to make
>money from that which means
>she'll continue having her alimony
>paid. Perhaps she has sued
>for half of the company
>or her investment into it.--

She isn't, she's suing for the house, custody of the kids and 1/2 of his assets, the corporation isn't even mentioned. The way the petition is worded, she wants 1/2 of his personal assets, NOT control or equity in any corporate entities.

I've read numerous cases where a spouse of a major CEO, sued (successfully) for part of her Husband's ownership in various business entities. Just read the Forbes 400 list, and there are plenty of women who got their wealth by divorce.

If she was a good businesswoman, helped build the thing, and her lawyers have two brain cells, she'd sue for that. Because when Jordan retires for good, you best believe he'll own a basketball team again, not to mention being involved in numerous other businesses.

With sound financial Mgt. that corp could be making more in Jordan's 50s, 60s and on, then he's making now, so why isn't it mentioned?

Is it offlimits to her because of the way it was set up, (E.g. She didn't have a significant involvement) or does she just lack the knowledge to understand what's going on and to go after it?




>
><<C. What about his agent/business advisors? He assuredly had those before her, if you're going to break it down like a business what about their contributions vs. hers?>>
>
>--Lawyers, agents, advisors, etc. all get
>paid regardless of what happens
>to Jordan. They do have
>other clients you know. As
>for Juanita, Jordan is/was her
>husband and most power couples
>work together on equal terms
>such as Babyface and Tracy
>Edmonds. There in the stuff
>together and if one goes
>broke, all go broke.-

That's not what I meant, I meant that all of those people have made significant contributions to building Jordan's wealth as well, how is it that her contribution is quantified as being worth 1/2 when she may not have made a contribution worth that much?

Babyface and Tracy are in the public eye together, they work together, they do projects together and on their own, you can't say the same for Jordan and Juanita.

After all, how many people would recognize her as compared to recognizing him?

Whilst most people who would recognize Babyface, would recognize Tracy.


><<She wasn't responsible for all the deals and endorsements he entered into, I don't care who her father was.....especially since a lot of them were just more lucrative versions of things he had going before her that just grew over time.>>
>
>--True he had things going before
>her, but besides a shoe
>contract, his shit wasn't that
>big. Not to mention many
>stars have shit going for
>them at some point and
>time, just look at Hammer.
>But not all handle their
>money and do it well.
>It would be one thing
>if Juanita were to make
>him go bankrupt, but 200
>mil for Jordan is penny
>change. She could have messed
>him up a long time
>ago,like when he decided to
>play baseball, but she didn't.
>Actually she could get more
>than what she's asking for.--

200 Million isn't penny change when it's your 200 million, plus that's 1/2 of what he has, so it's not penny change.

She would never get more then half.

What does she have to do with how he handles his money? That's more a function of him and his advisors then her.

Just because he got really big afterwards, doesn't make her responsible. As it is, he was already the most popular athlete on the planet when he married her, it doesn't seem that way because he's so much MORE famous now, but he was.

None of this, makes a strong case for her getting half.




>
><<So, even if she did contribute it a lot, it still doesn't equal 1/2..for one she'd go after the corp, and two any business person knows that to justify half, you have to have contributed half of some combination of the financial capital, intellectual capital and sweat equity towards the business.>>
>
>--The same goes for a house
>wife whose husband is a
>big wig. If the judge
>finds that she has provided
>her spouse 'sweat equity' worth
>half his earnings and in
>contribution to his higher earnings,
>she will get it. Not
>to mention child support.--

But she hasn't, they didn't build a corporation together like Vince and Linda McMahon



>I'm not saying Juanita should just
>dog Jordan. Truthfully I wish
>they could get some good
>marriage counseling and work that
>ish out. But life is
>not fair, nor is the
>judicial system.

But that's what we're discussing, is getting 1/2 fair?

IMHO, he should pay for all expenses related to the kids, he should give her the house and pay all expenses related to the house, as well as for a car for Juanita.

On top of that, I'd say an allowance of $500,000 or so, but that would have to be tied into how much money he's earning. So if he's in a situation where he doesn't have an income from a business, endorsements or working the allowance would go down.

If all your bills are paid and you have 1/2 a mill to spend, you're lifestyle isn't going to suffer.



Peace,







M2