$1bn in cock tax and it still isn’t enough!

With $1bn in cock tax she could at least smile a little bit.

With $1bn in cock tax she could at least smile a little bit.

Cock tax is the most evil and regressive tax known to man.

Worse still there is no known exemptions, no loop holes and no avoidance, although Sally Ridge might not agree.

One woman has recently been awarded $1 billion in cock tax and she is now appealing that saying that it isn’t enough.

Sue Ann Hamm, the ex-wife of Oklahoma oil magnate Harold Hamm who was awarded cash and assets worth more than $1bn in the couple’s divorce this week, plans to appeal the judgment on grounds that it grossly undervalues the marital wealth she is entitled to.  

Claiming she was shortchanged by a ruling that allows the Continental Resources chief executive to keep nearly all of an estimated $18bn rise in his Continental shares during a 26-year marriage, Ms Ann Hamm plans to appeal the decision, Ron Barber, one of the attorneys on her legal team, told Reuters.

The decision was “not equitable”, he said.

On Monday, Oklahoma County Court Judge Howard Haralson ordered the Continental Resources CEO to pay his ex-wife $995m and allowed her to keep additional assets, including a California ranch and an Oklahoma home, worth tens of millions more.

The Hamm v Hamm divorce judgment is one of the largest in US history, but the award to Ms Ann Hamm is a small fraction of the wealth Mr Haralson allowed Mr Hamm to keep. The CEO holds more than 68pc of Continental’s stock, a stake valued at around $13.5bn today. It was worth more than $18bn before the nine-and-a-half-week divorce trial began in August. Continental shares have fallen sharply since then, in line with global oil prices.

Mr Haralson ruled that $1.4bn of the growth in his Continental shares during the marriage was “marital capital” to be split with Ms Ann Hamm. The rest was awarded to Mr Hamm as “separate property”.

“Sue Ann is disappointed in the outcome of this case. She dedicated 25 years as Harold’s faithful partner in family and business,” Mr Barber told Reuters. “She plans to appeal the court’s decision.”

Maybe Adam Parore is the smartest man on the planet.

Sally Ridge is the exception that proves the rule.

 

– The Telegraph


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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