Petrie stores liquidating trust lonly women dating site
On January 13, 1983, after Boyle had served two months of his five-year contract, the Board acceded to Milton’s demand that Boyle be fired after Milton and Boyle had a heated argument.Boyle then took up another position elsewhere but sued Petrie Stores, seeking liquidated damages per the contract.He was well known in New York City as a philanthropist who gave money to universities and cultural institutions and also to many individuals.In 1927, he started a chain of hosiery stores, but it ultimately failed.Mercent's latest retail customers, including Cutter & Buck, Woolrich, The Right Start, FLAX art & design, Astral Brands, Zaccardi's, Limoges Jewelry, and Science Kit (VWR International), are utilizing Mercent close EVERY store for which a landlord might claim that Petrie Stores is a lease guarantor AND no mitigation or defense were successful, Petrie Stores believes that its maximum theoretical exposure relating to such leases, without giving effect to any present value discount, would be approximately million.Michael Boyle (plaintiff) entered into a contract, negotiated by attorneys for both parties, with Petrie Stores Corporation (Petrie Stores) (defendant).
She was the ex-wife of the Spanish race car driver Alfonso de Portago.
Petrie, founder and majority owner of Petrie Stores. Petrie, a pawnbroker's son who made a fortune in ladies' apparel back when women didn't mind being called ladies, had been a generous man all his life, impulsively dashing off checks to hard-luck cases he learned about in the morning's tabloids. Fans of the old television series, "The Millionaire," will not be disappointed. Petrie's net worth is the 54 percent stake he owned in Petrie Stores of Secaucus, N. The stock is conservatively worth about 0 million, at current market prices, but could rise to 0 million or more within months, if the company's pending restructuring proceeds on schedule. Petrie's life-long habit of adopting the down-and-out, the will meticulously arranges for more than million in trusts and gifts, ranging from ,000 to million, to 383 individuals, a constantly changing list since Mr. The foundation is expected to open its doors with anywhere from 0 million to 0 million, and gives its eight trustees enormous latitude to act on their own charitable impulses. Petrie was clearly smitten with his elegant blond wife, and sheltered her in his will with a 0 million trust fund that guarantees her million a year in income for life.
He also gave her million in cash, two homes, including a Fifth Avenue apartment, planes, cars, jewels, art and antiques -- the requisite paraphernalia for life at the high end. Petrie and seven others will also have the privilege of serving as executors of the estate and as trustees of the new foundation.
This amount did not exceed the total compensation provided for in the five-year contract.
Milton Petrie, who was the Board chairman and prior CEO, had a reputation for being temperamental.