Ex-Yahoo president and husband reach divorce deal
Source: Agencies |
April 25, 2012, Wednesday
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A FORMER president of Yahoo and her husband have reached a settlement in their long-running divorce involving about US$71 million in real estate, stock, cash and other assets.
The fight between ex-Yahoo President Susan Decker, 49, and her one-time investment banker husband Michael Dovey, 52, revealed a seamy side of Silicon Valley. The multimillion-dollar divorce proceedings included allegations of infidelity, drug use and spying, the Marin Independent Journal reported.
Marin County Superior Court Judge Verna Adams approved the settlement presented by the former couple's attorneys on Monday, just before a trial in the case was set to begin.
Decker and Dovey met at Harvard Business School and married in 1992. They have three children.
They filed for divorce in 2007, the same year Decker was promoted president of Yahoo Inc. She resigned in 2009 following a tumultuous period for the company.
Also that year, a confidential letter from Dovey's attorneys to Decker's became public alleging she had extramarital affairs, bugged the couple's condo in Laguna Beach and used illegal drugs.
Dovey's lawyers said Decker had similarly accused him of infidelity and drug use.
"As in any acrimonious divorce, certain statements were made by the parties in the process of litigation that were reckless and inaccurate. We deeply regret this," Dovey and Decker said in a signed joint statement released on Monday.
The fight between ex-Yahoo President Susan Decker, 49, and her one-time investment banker husband Michael Dovey, 52, revealed a seamy side of Silicon Valley. The multimillion-dollar divorce proceedings included allegations of infidelity, drug use and spying, the Marin Independent Journal reported.
Marin County Superior Court Judge Verna Adams approved the settlement presented by the former couple's attorneys on Monday, just before a trial in the case was set to begin.
Decker and Dovey met at Harvard Business School and married in 1992. They have three children.
They filed for divorce in 2007, the same year Decker was promoted president of Yahoo Inc. She resigned in 2009 following a tumultuous period for the company.
Also that year, a confidential letter from Dovey's attorneys to Decker's became public alleging she had extramarital affairs, bugged the couple's condo in Laguna Beach and used illegal drugs.
Dovey's lawyers said Decker had similarly accused him of infidelity and drug use.
"As in any acrimonious divorce, certain statements were made by the parties in the process of litigation that were reckless and inaccurate. We deeply regret this," Dovey and Decker said in a signed joint statement released on Monday.
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