I'm saddened by Rakoff, too.
Adam Yauch's will was released, and there's been a lot of speculation about his entire estate being worth "only" 6.4 million.
Do I need to recalibrate? That seems like such a huge sum of money to me. Are people desensitized by the crazy epic sums we keep hearing about from billionaires in the news all the time?
The Synchronized Swiveling is awesome.
I am appalled that people are commenting on the size of anyone's estate. That's just so nobody's business.
That seems like such a huge sum of money to me.
Compared to, say, how much Rick Rubin and Russell Simmons are worth? It’s not exactly fair.
It’s not exactly fair.
Fair? What was he spending it on, and what was he doing for income? How could we possibly know what is fair?
Yeah, I dunno. I don't know how much he spent on charity, and Kristen brought up the point that just about three years of cancer treatments were probably pretty pricey. Plus Beastie Boys split everything three ways, regardless of who wrote what.
I know they got fleeced on LTI, and Paul's Boutique flopped when it came out. They didn't really sell a huge amount of records, and stopped touring in 2009, so that would be lost revenue. I don't know.
The Synchronized Swiveling is awesome.
It was a lot of fun, but now the video is going away
Loved the synchronized swiveling, Lee.
I don't know what to say about the Yauch estate. Is it that people think he deserves more?
that seems like bank to me too, Allyson.
Maybe he bought everything the ever wanted, for himself and his loved ones, plus he has 6 mil to pass on to wherever--what the hell do we know?
There was a piece in Forbes that speculated to some sort of shitty disagreement between he and his wife about who would get guardianship of their daughter if they both died.
But I thought it was pretty neat, and didn't signal anything in particular other than a fair way to deal: If they both passed in an odd numbered year, his parents would have custody with hers as backup. Even numbered year, the reverse would happen.
It just seems that it was equally likely that they are saying, "either of these options are good, we're not playing favorites."
I really should have a will. Who would take care of Ruby?