Lessons from $1B divorce: How to split business assets
Harold Hamm's divorce case is grabbing attention for a reason other than the billions at stake: the dilemma of how to split assets tied to a business.
Did Mr. Hamm's business rise in value due to normal market forces over the course of the marriage, or was it due to his own efforts?
By now, you're familiar with the famed $975 million check that Mr. Hamm, CEO of Continental Resources, wrote to his ex-wife Sue Ann Arnall. An Oklahoma state court had ordered Mr. Hamm to pay that money to Ms. Arnall, as an amount in property division alimony and interest. The two are dissolving their 26-year marriage.
Initially, Ms. Arnall refused the check, but later cashed it and said she would press on with an appeal against the earlier decision.