CEO's Ex-Wife Gets A Bigger Bonus Than Most Of His Bankers
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Dougan, 49, and his Japanese wife Hamada were divorced in 2005, after 17 years of marriage. Under the terms of the settlement, Dougan agreed to pay $7.83m soon after it was finalized and a further $7.5m by June 16th, 2006. He also agreed that, in the event that he was late paying the second instalment, he would pay interest.
Well, it seems that Brady was 12 days late in coming up with the cash, and so he also sent a check for $24,996.96 in interest for the period. But his former wife claimed that, under the terms of the settlement, if Dougan was late with the second instalment, he would have to pay interest on the $7.5m for the WHOLE year - amounting to almost a $1m! The matter ended up back in court, and the Credit Suisse CEO was ordered to put his hand in his pocket once again. Bloomberg reports that Mrs Dougan also got the $9.6m main residence, cash and a 2000 BMW X5 when the divorce was originally finalized.
One banker told Here Is The City: 'How ironic that Dougan's ex-wife looks like she will pick up a bigger bonus this year than most of the bankers who work for her former husband over at Credit Suisse! Never mind, Dougan can afford it'. At the time of the divorce, Dougan's assets totalled some $80m. Among his current assets is a $2.35m 1803 Stradivarius violin.
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