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Complex divorce involving Yahoo ex-president settled

The former president of Yahoo Inc., Susan Decker, has just settled a complex and bitter divorce case with her former investment banker husband, Michael Dovey. The woman was Yahoo's president until she resigned in 2009. New Orleans residents learned from media reports that the settlement was reached on the eve of trial and involved a complicated property division including the disposition of several homes. The trial was planned to last about 10 days, and involved subpoenaed records from the time the wife was in charge at Yahoo.

When more property and assets are at stake, divorces can be more complex and more challenging. In this case, the couple's joint holdings included approximately $71 million, divided between cash, stock, real estate and assorted other assets. The couple had a five bedroom principal residence, as well as a vacation condominium valued at $6 million, and two adjacent condominiums with a combined estimated value of $2 million. They also owned some land valued at $1 million. None of the real estate was encumbered by a mortgage.

Less valuable, but still at issue in the dispute, was a pair of sailboats, five motorcycles purchased by the husband, pricey memberships at golf and yacht clubs, and four season tickets to a major league baseball team. The divorce case made headlines after the husband's representatives accused the wife of engaging in extramarital sex and of planting eavesdropping devices in one of the condos, as well as using illegal drugs. The wife's attorneys labeled the information inaccurate and reckless.

The couple had already divided approximately $48 million of their assets by the time the settlement was reached to determine the division of the remaining approximately 30 percent of their holdings.

Source: Mercury News, "Ex-Yahoo president, husband settle bitter divorce case," Gary Klieh, April 23, 2012

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