Post: #1

Saw this posted on this Misc. Tragic.

https://ca.news.yahoo.com/elon-musks-div...20180.html

Quote:Tesla and SpaceX CEO Elon Musk is getting divorced from his actress wife Talulah Riley for the second time-and it could make a serious dent in his fortune.

The tech tycoon is worth $13.2 billion, according to Forbes, and the divorce filing that Riley made in Los Angeles Superior Court on Monday does not mention a prenuptial agreement. She wants spousal support and attorney fees.

In the divorce papers, posted online here, Riley cites irreconcilable differences as legal ground for the divorce and asks that she be allowed to file a report of the couple's assets at a later datesince "the true nature and extent of community property assets and obligations are unknown at this time."

A focus on the minutiae of figures related to "issues of spousal support, property valuation, property division, tax consequences, and attorney's fees and costs" suggests that this could be a bitter battle, and Musk has 30 days to respond to the petition.

This is the second attempt at marriage for the couple, who first wed in 2010 and divorced in 2012. Riley reportedly received $4.2 million-and was allowed to keep her Tesla Roadster and her Cartier and Gucci watches-in that settlement (Musk was worth $680 million at the time). She also received a tender tweet from Musk: "It was an amazing four years. I will love you forever. You will make someone very happy one day." That someone was Musk again. They remarried in July 2013. Musk made $2.9 billion that year, thanks in large part to an $2.1 billion increase in the value of his Tesla shares.

Unless there is a second prenuptial agreement (to go with their second marriage), Riley could be entitled to a figure in the billions, says Cohen, who is not involved in this case. The prenup that applied in the first divorce does not automatically carry over into a second marriage, so the couple would need to have agreed to a new one that is still valid. Cohen says he can't imagine that someone with his wealth would not have taken that step.

What could this divorce cost Tesla, which was recently valued at $25 billion (and which Musk projected will be worth $700 billion by 2025)?

In a Harvard Business School report on the impact of CEO divorces on shareholders, the authors point out that a divorce could impact a company in three ways:

1. Loss of control or influence: "A CEO with a significant ownership stake in a company might be forced to sell or transfer a portion of this stake to satisfy the terms of a divorce settlement."

2. "Divorce can affect the productivity, concentration, and energy levels of the CEO."

3. "Divorce can influence a CEO's attitude toward risk, depending on how the divorce settlement is financed."

Post: #2

Just because you are smart - does not mean you have common sense.

Post: #3

I wonder if it's legal for a company's board to require that a CEO sign a pre-nup agreement before any marriages.

If it's legal, Tesla board are idiots for not having required him to do so after his first divorce.

That's nuts!

Girl game recognized.

Post: #4

Rekt. Fool me once shame on you, fool me twice make a cool billion.

Post: #5

(04-25-2016 02:02 PM)samsamsam Wrote:  Just because you are smart - does not mean you have common sense.

Yeah but in this case "smart" = built a multibillion dollar tech business empire.

So, "Just because you built a multibillion dollar tech business empire does not mean you have common sense"? I mean, I'm not disagreeing with you because that does appear to be the case. But wtf man, this does not compute..

Post: #6

Game saves money.

Post: #7

I’d write a comment on that mess, but I honestly think this speaks for itself.

Post: #8

What an idiot... is she the best paid whore of all times now?

Post: #9

Even with a pre-nup, IIRC, money earned after the wedding is deemed marital assets and subject to an equitable distribution.

Let's keep something in mind here. Even if he gets "divorce raped" it's a pretty smooth, velvety rape experience with lots of lube. He'll still be a billionaire. He'll still live like a king. There are no kids involved. These aren't regular people.

Post: #10

(04-25-2016 04:29 PM)porscheguy Wrote:  Even with a pre-nup, IIRC, money earned after the wedding is deemed marital assets and subject to an equitable distribution.

But is unrealized capital gains from pre-existing stock considered income within the marriage?

Post: #11

(04-25-2016 02:02 PM)samsamsam Wrote:  Just because you are smart - does not mean you have common sense.

That's why back when I was playing D&D I always played wisdom-based characters

Post: #12

(04-25-2016 01:51 PM)Anabasis to Desta Wrote:  Saw this posted on this Misc. Tragic.

https://ca.news.yahoo.com/elon-musks-div...20180.html

Quote:Tesla and SpaceX CEO Elon Musk is getting divorced from his actress wife Talulah Riley for the second time-and it could make a serious dent in his fortune.

The tech tycoon is worth $13.2 billion, according to Forbes, and the divorce filing that Riley made in Los Angeles Superior Court on Monday does not mention a prenuptial agreement. She wants spousal support and attorney fees.

In the divorce papers, posted online here, Riley cites irreconcilable differences as legal ground for the divorce and asks that she be allowed to file a report of the couple's assets at a later datesince "the true nature and extent of community property assets and obligations are unknown at this time."

A focus on the minutiae of figures related to "issues of spousal support, property valuation, property division, tax consequences, and attorney's fees and costs" suggests that this could be a bitter battle, and Musk has 30 days to respond to the petition.

This is the second attempt at marriage for the couple, who first wed in 2010 and divorced in 2012. Riley reportedly received $4.2 million-and was allowed to keep her Tesla Roadster and her Cartier and Gucci watches-in that settlement (Musk was worth $680 million at the time). She also received a tender tweet from Musk: "It was an amazing four years. I will love you forever. You will make someone very happy one day." That someone was Musk again. They remarried in July 2013. Musk made $2.9 billion that year, thanks in large part to an $2.1 billion increase in the value of his Tesla shares.

Unless there is a second prenuptial agreement (to go with their second marriage), Riley could be entitled to a figure in the billions, says Cohen, who is not involved in this case. The prenup that applied in the first divorce does not automatically carry over into a second marriage, so the couple would need to have agreed to a new one that is still valid. Cohen says he can't imagine that someone with his wealth would not have taken that step.

What could this divorce cost Tesla, which was recently valued at $25 billion (and which Musk projected will be worth $700 billion by 2025)?

In a Harvard Business School report on the impact of CEO divorces on shareholders, the authors point out that a divorce could impact a company in three ways:

1. Loss of control or influence: "A CEO with a significant ownership stake in a company might be forced to sell or transfer a portion of this stake to satisfy the terms of a divorce settlement."

2. "Divorce can affect the productivity, concentration, and energy levels of the CEO."

3. "Divorce can influence a CEO's attitude toward risk, depending on how the divorce settlement is financed."

Post: #13

Quote: But is unrealized capital gains from pre-existing stock considered income within the marriage?

Nope. If he acquired these stocks before or in between his marriages then the wife will not get any of them in CA since they are his separate property. It all depends on when he acquired the shares.

So, the $2.1 billion or a good part of it could all be his.

She's entitled to half of whatever salary he made during the marriage, so she's in for at least a $400 million payday.

Moral of the story: if you ain't no punk, holla we want prenup!

Post: #14

(04-25-2016 04:45 PM)rungoodinc Wrote:  Nope. If he acquired these stocks before or in between his marriages then the wife will not get any of them in CA since they are his separate property. It all depends on when he acquired the shares.

So, the $2.1 billion or a good part of it could all be his.

She's entitled to half of whatever salary he made during the marriage, so she's in for at least a $400 million payday.

Moral of the story: if you ain't no punk, holla we want prenup!

Yeeeeah!

It's something that you need to have
'cuz when she leave yo ass she gon leave with half
18 years, 18 years
and on the 18th birthday he found out it ain't his

Then proceed to marry Kim Kardashian without a prenup.

Post: #15

Quote: Then proceed to marry Kim Kardashian without a prenup.

Kim K's net worth is comparable to Kanye's, so there's not as much need for a prenup when the husband and wife are earning a roughly equal amount of money. Divorce splits assets acquired and earned during the marriage 50/50 but they're already 50/50 when it comes to their finances.

Not to mention that Kim K is the WB of WBs...

Post: #16

(04-25-2016 04:55 PM)Anabasis to Desta Wrote:  

(04-25-2016 04:45 PM)rungoodinc Wrote:  Nope. If he acquired these stocks before or in between his marriages then the wife will not get any of them in CA since they are his separate property. It all depends on when he acquired the shares.

So, the $2.1 billion or a good part of it could all be his.

She's entitled to half of whatever salary he made during the marriage, so she's in for at least a $400 million payday.

Moral of the story: if you ain't no punk, holla we want prenup!

Yeeeeah!

It's something that you need to have
'cuz when she leave yo ass she gon leave with half
18 years, 18 years
and on the 18th birthday he found out it ain't his

Then proceed to marry Kim Kardashian without a prenup.

afaik kim has more money than kanye, so putting away that she's been banged by every single black dude in LA, he's still doing pretty OK in my books

Post: #17

What a fucking moron.

Post: #18

Post: #19

(04-25-2016 04:39 PM)Handsome Creepy Eel Wrote:  

(04-25-2016 02:02 PM)samsamsam Wrote:  Just because you are smart - does not mean you have common sense.

That's why back when I was playing D&D I always played wisdom-based characters

Damn, you played? That was fun - good for the imagination.

I always liked the healer classes.

Post: #20

The second divorce is just a remix of the first one.

Post: #21

(04-25-2016 02:09 PM)AneroidOcean Wrote:  I wonder if it's legal for a company's board to require that a CEO sign a pre-nup agreement before any marriages.

If it's legal, Tesla board are idiots for not having required him to do so after his first divorce.

That's nuts!

Girl game recognized.

It would not be legal for hte board to require a prenup before any marriage.

There are a few like cases on point, usually where someone stipulates in a will whether or not they get anything if they marry someone or only giving someone a share in a will if they divorce someone.

With the prenup, most courts would probably rule it as illegal since it would be considered 'against public policy'. i.e. What right does the company have to tell someone how they are to conduct their marriage?

It is also the same reasoning a court will not enforce conditions in a will requiring an heir to divorce someone before they can share in the estate, it is against public policy to allow someone to use a will to break up a marriage.

Now there is a simular situation where the court will enforce a provision in a will, that is the condition where if a person marries a spouse the deceased person wouldn't want, then they can specify the hier be disinherited. The thinking there is if the person was still alive they could choose not to give anything to the couple, so with the will a court would allow them to do the same.

Post: #22

People who claim women are emotional beings who can't think in rational terms should be continuously slapped in the face with stories like this.

Not only did he re-marry his ex without a prenup, but she's also an actress. Marrying an actress and believing the marriage will last is akin to voting for Cruz and hoping he'll seal the border and launch a conservative revolution.

Post: #23

She got one half in the first divorce. She'll get the other half in the second.

Post: #24

A billionaire who has no game doesn't need game to fuck women. He has money.

1000000000/1000=1,000,000

a billion dollars could have bought this guy a million fucks with $1,000 high class escorts. . .

He could be shitting on girls with that kind of money.

Post: #25

Hustle recognized.





And WB, of course.