Amazing Quote from the Wife of Wall Street Exec

Quote from ipatent:

Pick your mate carefully, and go for character and toughness over beauty.
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Agreed - that is, if you want to be happy, still married and have both halves of your estate :)
 
I agree completely with the statement that it is how parents handle financial loss that determines to a large extent how it affects the children.
My parents handled it somewhat poorly back in 1989 and as a result, I am near obsessed with money and (the absense of) debt. I do have a very distinct sense of the difference between wants and needs though. $300 boots?...not a toughie
 
well it may be that the husband was a total asshole to this wife when he was making $800k per year, but it's comments like this that really show how people change when the situation changes.

Quote from seasideheights:

One mother in TriBeCa, who is married, at least for now, to a Wall Street executive, put it rather bluntly: “My job was to run the household and the children’s lives,” she said. “His job is to provide us with a nice lifestyle.” But his bonus has disappeared, and his annual pay has dropped to $150,000 from $800,000 a year. “Let me just say this,” she said, “I’m still doing my job.”



http://www.nytimes.com/2009/01/11/fashion/11berrys.html?_r=1&fta=y
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Quote from seasideheights:

One mother in TriBeCa, who is married, at least for now, to a Wall Street executive, put it rather bluntly: “My job was to run the household and the children’s lives,” she said. “His job is to provide us with a nice lifestyle.” But his bonus has disappeared, and his annual pay has dropped to $150,000 from $800,000 a year. “Let me just say this,” she said, “I’m still doing my job.”



http://www.nytimes.com/2009/01/11/fashion/11berrys.html?_r=1&fta=y
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His $800k/yr income (and the lifestyle it afforded them) put them in the top 0.5 - 0.1% of U.S. incomes. Even at $150k/yr, they're still in the top 5%.

Head-of-household duties might be considered more of a pass-fail thing, since it's something that we assume the average able-bodied person should be capable of. So, assuming she passes, she's in the top 50% bracket of her realm.

So, who's gotten the better end of the deal and continues to even after the pay cut?
 
Of course it's her. She can be replaced with 5 cheaper, hornier 20 year olds. But good luck replacing that 800,000k income.
 
Quote from seasideheights:

One mother in TriBeCa, who is married, at least for now, to a Wall Street executive, put it rather bluntly: “My job was to run the household and the children’s lives,” she said. “His job is to provide us with a nice lifestyle.” But his bonus has disappeared, and his annual pay has dropped to $150,000 from $800,000 a year. “Let me just say this,” she said, “I’m still doing my job.”



http://www.nytimes.com/2009/01/11/fashion/11berrys.html?_r=1&fta=y
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This poor slob will probably end up paying child support and alimony based on his $800K income, too. Marriage is a beautiful thing. I'm glad I learned at an early age. Unless she has her own wealth, do not get married. Why enter into a legally binding agreement designed by the devil himself?
 
Quote from Port1385:

they still shell out for membership at a local country club (“the most modest one in town,” Tracey said)
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Gosh, I feel so bad for these people. Having to use the most modest county club...??? OMG! Horrible! Just insane cruelty!

This downturn is brutal...
 
The country club will disappear in the next 12 months or time of renewal.

The way I read the article I feel that, unless things turn around in the near future, she is going to do a "number" on him.

Bloody women.

Read his blog...not promising...another also ran.
 
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