Spinoffs and Restructurings: The Davids call it Quits

Although the deal pipeline on Wall Street continues to impress, transactions on Main Street can exceed anything Wall Street can muster. Although the imminent divorce between Larry and Laurie David has been described as "amicable", an equal split of the assets could put close to a cool $500 million in her pocket. For comparison's sake, today's IPO of Limelight Networks raised a little over $200 million.

The politically incorrect creator of Seinfeld is certainly one of the wealthier power players in Hollywood, and Laurie is no pushover either; her fight against global warming has shown just how feisty she can be.
As many of you know, we regularly have highlighted Laurie and Larry’s commitments to fighting global warming. Laurie David in particular has made massive waves with co-producing An Inconvenient Truth and her StopGlobalWarming site. Many consider her to be the #2 person in terms of environmental power in the United States behind Al Gore.

According to some reports, it may have been this sudden rise in fame and commitment to the cause that strained the relationship. In 2004, Larry David told Eric Alterman for a piece on Hollywood fundraising in The Atlantic:

“‘I heard nothing about the environment for all our lives and now this. I wish she would at least take back her own name.’”

Did environmental passions cause split between Larry and Laurie?
ecorazzi

On a related note, while many New Yorkers are looking forward to this weekend’s parade, those of you spending the weekend in the Hamptons might want to take Monday off. Give the usual weekend rain a chance to clear out.

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