Word: divorcee
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Dates: during 1990-1999
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Strober's speech, the RPPI's fourth annual lecture on feminist economics, examined divorce settlements and corresponding entitlements to women who have chosen to manage households while their husbands filled the role of the breadwinner.
Strober, who has testified as an expert witness in five lawsuits involving housewives seeking fair compensation for their "unpaid, invisible work," cited the recent Connecticut divorce case of Wendt v. Wendt as example of an suit over entitlements.
In the Wendt case, the couple's marriage began at the University of Wisconsin with few assets. After 30 years, when Mr. Wendt asked for a divorce, the couples' assets stood at a value of approximately $100 million, Strober said.
"In 1995, after 30 years of marriage, Mr. Wendt [by then CEO of G.E. Capital in Stamford for nine years] asked for a divorce and offered his wife $10 million," Strober said. The husband claimed the money "surely was more than she `needed' to be comfortable," she said.
While women--through their own earnings, as well as inheritances and divorce settlements--have more money to donate than ever before, Hauser asserted that both older and younger women are "frightened and uneducated about dealing with money with a capital `M,"' and therefore do not give as much.