In 1987′s “Wall Street,” Gordon Gekko, a character played onscreen by Michael Douglas, famous said: “Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge, has marked the upward surge of mankind….”
Greed is good, eh?
Not sure Michael Douglas would agree with the Gordon Gekko, even as he reprises his famous role in the 2010 sequel, “Wall Street: Money Never Sleeps.” One might argue that it’s greed that is motivating Douglas’ ex-wife Diandra to claim that according to their 2000 California divorce settlement, she is entitled to half his earnings from the new movie.
Diandra Douglas and her lawyers say that the divorce deal gives her rights to share in proceeds from spin-offs from work he did while the couple was still married, including the 1987 hit “Wall Street.”
Lawyers for Michael Douglas countered that his ex-wife has misinterpreted the agreement, and that it doesn’t apply to the “Wall Street” sequel. They also added that the case belongs in California, where the couple divorced; and not in New York, where she has brought her claim.
How do you think the judge will rule? Do you think Diandra Douglas is entitled to half of Michael Douglas’ earnings from the sequel?