FinPulse

Documentary-style deep dives into markets, empires and money.

[FinPulse @finpulse_x]

@theosterlingx About $25,000 a month and still a stranger to her

[FinPulse @finpulse_x]

@Tolot0caw Won the ruling, lost the check. Cheaper than a jury

[FinPulse @finpulse_x]

@Noctaxbt Straight A’s, a dad worth over $400 million, and the reward was a Honda. That kid learned the most important lesson in one phone call

[FinPulse @finpulse_x]

@Tolot0caw Agreed. It did get cut to $4,500 eventually, which shows challenging it could have worked

[FinPulse @finpulse_x]

Dennis Rodman was ordered to pay $50,000 a month in child support. His daughter, Olympic champion Trinity Rodman, says that for a while the family lived in their car.

Michelle Moyer, the mother of his two youngest kids, filed for divorce in 2004. It was not final until 2012.

December 7, 2009: an Orange County court sets his child support at $50,000 a month and finds he is $100,000 behind.
2011: he is found guilty on four counts of contempt for support he did not pay in 2009 and 2010.
2012: court documents put his unpaid support at $808,935 for the kids and $51,441 for his ex-wife. His lawyer: "Respondent Dennis Rodman is broke and cannot afford any additional fees."
May 29, 2012: instead of jail, he gets 104 hours of community service and three years of informal probation. Outside court he says: "It's all about the kids."

The math: $50,000 a month is $600,000 a year. His 2010 tax return showed about $150,000. The payment was later cut to $4,500 a month for child and spousal support combined.

In the video below, Trinity is asked why he would not pay child support. She says: "I think that it was kind of like, that's not my problem anymore."

Was $50,000 a month ever a real number for a man whose tax return showed $150,000, or should he have paid it no matter what?

[FinPulse @finpulse_x]

@JaceClipz Exactly. His own lawyer said he was ‘broke and cannot afford any additional fees,’ but the court still found $808,935 unpaid for the kids. Broke explains less, not nothing

[FinPulse @finpulse_x]

@lorenzofl0w The best-selling single ever, a deal worth more than $50M in 2021, and three of his four oldest sons never touched a cent of their share

[FinPulse @finpulse_x]

@JaceClipz Child support is for the child. But it’s hard to ignore who’s paying while he’s suing

[FinPulse @finpulse_x]

@DemonJin86848 Her backing Taylor on the masters makes sense. She knows what it’s like to make the music and watch other people control the money

[FinPulse @finpulse_x]

@kuma_8472 Brutal for sure, but the order came after two court orders. The judge had to treat it like any other missed payment

[FinPulse @finpulse_x]

Ric Flair says he paid $2 million in alimony and $2 million in lawyer fees. In 2013, a judge still ordered his arrest over $32,000 he owed his estranged wife.

In the video below, he tells Joe Rogan why he came out of retirement: "I was paying alimony to three different women, so I had to go back to work."

He and Jacqueline Beems separated in 2012, after three years of marriage.

A court ordered him to pay her $4,000 a month in spousal support.

The court record:
Summer 2012: she files for legal separation.
March 2013: his son Reid, 25, dies of an overdose. Flair is the one who finds him.
July 3, 2013: a judge orders his arrest. He has missed $32,352.51 in payments after two court orders.
July 2013: she is charged with making harassing phone calls to his girlfriend. Her attorney calls the charge "unfounded and outlandish."

His explanation: "The reason I didn't pay my ex-wife the $32,000 is because my son died and I was in the hospital for a month." He said he had a blood clot and didn't work for three months.

On Friday, at 77, he was taken to a hospital in Tampa after a fall, hours after saying he is being treated for a blood clot in his leg.

The case for Jacqueline: a court set $4,000 a month, and he still hadn't paid after two orders.
The case for Ric: he had lost his son months earlier and spent a month in the hospital.

Was the arrest order fair, or did a grieving father deserve more time?

[FinPulse @finpulse_x]

@quazinov He did manage her career, and he says she agreed to the 7 points. Paying his bills isn’t the same as paying what he says he was promised

[FinPulse @finpulse_x]

@versivald the Postal Service paid 32.3M$, its own studies said it got 103.6M$ in value, and one of its memos called the deal possibly its most effective PR venture ever. Hard to call that a loss

[FinPulse @finpulse_x]

@Aspect0F Grace is fair, but it came after two court orders. The judge gave him two chances before the arrest order

[FinPulse @finpulse_x]

@JaceClipz The law counts missed payments, not funerals

[FinPulse @finpulse_x]

Warner Bros paid Clint Eastwood's ex-partner Sondra Locke $1.5 million to develop and direct films. $975,000 of it was charged to his movie Unforgiven, and the studio made none of her projects.

They got together in 1975 on the set of The Outlaw Josey Wales and lived together for about 13 years. In April 1989, while she was directing a film, the locks on their Bel Air home were changed and her things were put in storage. She sued him that month.

On November 21, 1990, they settled. He paid her $450,000 and gave her a house. Six days later she signed with Warner: $250,000 a year for three years for a first look at her projects, plus a $750,000 directing deal. Eastwood had agreed to repay Warner if her projects were not produced.

The court record:
November 1990: $450,000 and a house from Eastwood, $1.5 million from Warner.
$975,000: charged to Unforgiven in the second year of her deal.
30 projects: pitched by Locke, she said. Warner made none.
$0: her income in 1994 and 1995, she testified.
September 1996: after a two-week fraud trial against Eastwood, she settles. She had asked for $2.5 million. Jurors said they were ready to rule for her.
May 1999: Warner settles her separate lawsuit. Terms not disclosed.

When she agreed to the Warner deal, she was having chemotherapy after a double mastectomy.

The case for Clint: he paid her $450,000, gave her a house, and arranged a deal that paid her $1.5 million in full. No studio has to make a film just because it was pitched.

The case for Sondra: the money came from the man she had sued, Warner made none of her projects, and her lawyer said the deal "created a dead end for her career."

In the video below he says: "I think a turning point for me was in the early 90s, I did Unforgiven."

She was paid in full and never directed a film under the deal. Fair settlement, or a deal built to end her career?

[FinPulse @finpulse_x]

Jill Duggar estimates her family made about $8 million from TLC. She says she was paid nothing for years, then got $175,000 after a fight with her father.

She was 17 when 17 Kids and Counting premiered in September 2008. She married Derick Dillard on June 21, 2014. They left the spinoff Counting On in 2017, and the show ended in 2021.

The contract she signed was dated the day before her wedding. Her husband says: "What we found out later was that it was a commitment of your life for the next five years to the show."

The record, from her memoir and interviews:
September 2008: the show premieres. Jill is 17.
June 20, 2014: the date on the contract her father had her sign.
$80,000 is what she says her parents offered each adult child, only if they signed a contract.
$8 million is her estimate of what the family earned over the TV run.
$175,000 is what she and Derick finally received.
September 12, 2023: her memoir Counting the Cost comes out.

She says a tax document listed income in her name that she never received. She writes that her father told her: "If you attack us, probably your inheritance will be lowered significantly."

The case for Jim Bob: the show supported a family of 21, and she writes that he called it an opportunity to "share with the world that children are a blessing." His statement: "We love all of our children very much."

The case for Jill: she was a teenager when the cameras started, she spent over a decade on TV, and she says she only saw a signature page.

In the video below she says: "We're just saying, this is what you reported on taxes that I earned."

Should Jim Bob Duggar have paid his daughter, or was the show family money?

[Versivald @versivald]

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