Jacqueline Kent Cooke: Heiress Arrested

[MTK]

Jacqueline Kent Cooke, daughter of late Washington Redskins owner and billionaire Jack Kent Cooke, pleaded not guilty yesterday to charges of operating under the influence.

link: Jacqueline Kent Cooke: Heiress Arrested » Right Pundits

[saden1]

First step to dethroning Paris Hilton? Or perhaps she's depressed about her father leaving her a measly allowance? Time to grow the f'ck up.

[onlydarksets]

Maybe she should sell her Bimmer and use that money to pay her college tuition...

[Hog1]

I bet it IS a real shocker after having been raised in extreme wealth that she was.....................and be ??? Unwealthy

[onlydarksets]

I don't think she was raised in extreme wealth - saden's article said her mom and JKC divorced before she was born.

[Hog1]

...................Oh.................
@#@&&*@%%#@...I should have paid more attention

[skinsfan69]

JKC was a mean old bastard. If I had that kind of money I'd leave everything to my family memebers. Not to some trust which happens to be a bunch of people who worked for him. It makes no sense. He only left his own son 25 mil or so out of a billion?? That's crazy.

[onlydarksets]

Originally Posted by skinsfan69

JKC was a mean old bastard. If I had that kind of money I'd leave everything to my family memebers. Not to some trust which happens to be a bunch of people who worked for him. It makes no sense. He only left his own son 25 mil or so out of a billion?? That's crazy.

$25mil + 10% of the Skins ($~80mil).

Is he entitled to more?

[MTK]

Only $25M?

Damn that's rough.

It was his money, he was free to do with it what he pleased. I don't buy this notion that his descendents are "owed" anything.

[SmootSmack]

Originally Posted by skinsfan69

JKC was a mean old bastard. If I had that kind of money I'd leave everything to my family memebers. Not to some trust which happens to be a bunch of people who worked for him. It makes no sense. He only left his own son 25 mil or so out of a billion?? That's crazy.

So mean

What a bastard

[skinsfan69]

Originally Posted by onlydarksets

$25mil + 10% of the Skins ($~80mil).

Is he entitled to more?

it just seems like a small % to leave your oldest living son that was running your football team. you're worth 800 mil or a billion and you leave the person you're probably closest to 25 mil? i know john got 10% of the sale from the team. i know that's a shitload of cash. but why not leave the team to your own son and keep it in the family? i could never understand why jkc did that. the mara's and hunt's didn't do what jkc did. but hey....it's his $ and he did what he wanted to do.

but his own daughter can't even pay for her school. that's pretty messed up.

[onlydarksets]

Originally Posted by skinsfan69

it just seems like a small % to leave your oldest living son that was running your football team. you're worth 800 mil or a billion and you leave the person you're probably closest to 25 mil? i know john got 10% of the sale from the team. i know that's a shitload of cash. but why not leave the team to your own son and keep it in the family? i could never understand why jkc did that. the mara's and hunt's didn't do what jkc did. but hey....it's his $ and he did what he wanted to do.

but his own daughter can't even pay for her school. that's pretty messed up.

First, she can pay for her own college if she lives within her means. She gets $50k/year. I'm sure she is eligible for student loans (which is different from financial aid), even if $50k is "not enough" (wait till Schneed gets a hold of this thread).

Second, what if his son is an idiot? JKC put the Skins in the hands of the people he thought could run it best. In this case, that was the free market.

[MTK]

$50k a year and she "can't pay for school"??

Please. Does anymore really need to be said?

[onlydarksets]

And, she's sitting on $6 million in principal (up from $5 million 10 years ago). By the time she can cash out, she'll have $10 million. Which she will blow through in about 10 years, I'm sure, without the help of the trust.

[GMScud]

Originally Posted by Mattyk72

$50k a year and she "can't pay for school"??

Please. Does anymore really need to be said?

The funny part to me was the end of the Wash Post article- her attorneys said she's "depressed" from the "total frustration and emotional suffering of fighting for every dollar." HUH???

She's getting $50K/year now, in less than 2 years when she hits 21 she'll be getting $100K/yr for 14 years. Then at 35 she gets 8% of the total value of the trust annually, which right now would be around $500K/yr. And that's GUARANTEED! She doesn't have to bat an eye to get those funds. Ohhh, the suffering!! Ohhh the frustration!!

I got a friggin idea, count your blessings for being more financially fortunate than 99.5% of the planet, get a stinking job for a while, or better yet, go to a public university in Texas. There are plenty of them. It's not you're being denied a college education because you can't afford $23K a year in tuition. This is a joke.