Chief executives now behave like dukes, extracting from their financial estates sums out of all proportion to the work they do or the value they generate, sums that sometimes exhaust the businesses they parasitise.
Caroline Adebayo, 34, from Nigeria, attends drop-ins on the Mozart estate and sums up why the pilot has been so successful.
Lowther owed his employee's estate huge sums, and though money was found to send William to school and then to Cambridge, the whole of his early life was shadowed by the need to recover the debt.
Stephen J. Small, a lawyer who wrote the federal income tax regulations on conservation easements and now advises on estate planning, summed it up: "Most people who donate conservation easements do so for three reasons: they love their land; they love their land; they love their land".
It's a shame, if only because one of his hits from before recent run-up in real-estate prices sums up the nature of the bubble.
At present, a married couple can exempt $1.35 million from the estate tax, a sum that will rise to $2 million by 2006.
By John Bainbridge and Russell Maloney The New Yorker, July 26 , 1941P. 7 Talk story about the township of Hillsborough, N.J. now trying to get $13,834,924 from Doris Duke Crorawell, who maintains a 2,400-acre 2,400-acrerestates sum representheresessmenthisor thisumearepresents on some 220 million of so-cassessmentsgible property.
The New Yorker, July 26 , 1941P. 7 Talk story about the township of Hillsborough, N.J. now trying to get $13,834,924 from Doris Duke Crorawell, who maintains a 2,400-acre 2,400-acrerestates sum representheresessmenthisor thisumearepresents on some 220 million of so-cassessmentsgible property.
The Earl prepared himself for "God's cause and her Majesty's" by recruiting the expedition's cavalry from his retainers and friends, and by mortgaging his estate to the sum of £25,000.
"I don't want to bust my load into a little cup," said 34-year-old estate agent Richard, summing up the general thought process among those polled.
During the next several years, the Helmsleys filed no fewer than six lawsuits against Mimi, asserting that they were entitled to the money in Jay's estate, a distinctly modest sum compared with their own fortune.
