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$200,000 Coming Out Party

Discussion in 'Other Off Topic Forum' started by teak360, Dec 11, 2005.

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  1. teak360

    teak360 F1 Veteran
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    #1 teak360, Dec 11, 2005
    A thing on the news yesterday: Parents spending huge money on kid's parties. The one featured was a "Coming out party" for a girl turning 13 years old. It had rappers, a pop singer and a singing transvestite for Chris' sakes.
    The tab for the party was 200K!
    What the hell is the matter with these parents!
     

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  2. bottomline

    bottomline Formula 3

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    #2 bottomline, Dec 11, 2005
    MTV?
     
  3. WILLIAM H

    WILLIAM H Three Time F1 World Champ

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    #3 WILLIAM H, Dec 11, 2005
    thats lame, transvetites are ok for a 13 yr old but strippers arent ? where the logic in that ?

    Whats wrong w a trip to Disneyland ?
     
  4. bobafett

    bobafett F1 Veteran

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    #4 bobafett, Dec 11, 2005
    This has nothing to do with the DCA bat-mitzvah on the east coast where the guy spent over 10MM on the whole thing with Aerosmith, 50 Cent, etc. does it?

    --Dan
     
  5. darth550

    darth550 Five Time F1 World Champ
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    #5 darth550, Dec 11, 2005
    Anyone can go to Disneyland! ;)
     

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  6. teak360

    teak360 F1 Veteran
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    #6 teak360, Dec 11, 2005
    It was on CNN. It's important now among the nnouveau-riche in New York to spend hundreds of thousand of dollars on your teenager's party.
     
  7. Alex_Grim

    Alex_Grim Formula Junior

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    #7 Alex_Grim, Dec 12, 2005
    Dan,
    i agree with you. i think that it is the same thing. Eeverything sounds the same in both stories. Someone got their facts mixed.
     
  8. Westworld

    Westworld Two Time F1 World Champ
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    #8 Westworld, Dec 12, 2005
    I saw that. Was at some hotel. The girl sounded like such a brat. The sister sounded pretty grounded. The mom dressed like she was in college/early 20's. I am amazed at how much money these people truly have. Are they really that wealthy?
     
  9. bobafett

    bobafett F1 Veteran

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    #9 bobafett, Dec 12, 2005
    Alex: i found this elsewhere. Here are more details:

    --Dan
     

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  10. judge4re

    judge4re F1 World Champ

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    #10 judge4re, Dec 12, 2005
    Hmm, DHB Industries is publicly traded. AMEX DHB.

    Anyone own stock in it and want to look to see how the corporate jet was paid for?
     
  11. ylshih

    ylshih Global Moderator
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    #11 ylshih, Dec 12, 2005
    Ii was just thinking maybe it's time to short DHB specifically and defense contractors in general...

    Edit: But maybe I'm too late (I see the stock's tanked big already over the last year) ...

    DHB: Shades of Tyco?
     
  12. judge4re

    judge4re F1 World Champ

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    #12 judge4re, Dec 12, 2005
    One last hurrah before their world comes crashing down?
     
  13. bobafett

    bobafett F1 Veteran

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    #13 bobafett, Dec 12, 2005
    DHB himself reportedly cleared north of 90MM last year.

    --Dan
     
  14. ylshih

    ylshih Global Moderator
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    #14 ylshih, Dec 12, 2005
    The Motley Fool article says "Brooks reported to the SEC that he had sold off $186 million worth of stock" last year! So $90 million might be net after taxes and subtracting his basis. He still holds 3M+ shares according to Yahoo and the article further says he has warrants for another 5M shares at $1 a share.
     
  15. ROGUE GTS

    ROGUE GTS Formula Junior

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    #15 ROGUE GTS, Dec 12, 2005
    Sheesh thats just completely nuts, I've attended a couple $50k ish bat-mitvas and thought that was a little silly.


    Then again if I had a $90mm/yr income and was ceo of a billion dollar company I probably wouldn't give 2 ****s either.
     
  16. WILLIAM H

    WILLIAM H Three Time F1 World Champ

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    #16 WILLIAM H, Dec 12, 2005
    I'm taking my nephew for a naughty trip to Buenos Aires when he turns 18. You think he'l have more fun than that girl did? ;)
     
  17. Napolis

    Napolis Three Time F1 World Champ
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    #17 Napolis, Dec 12, 2005
    Bill

    Remember to drive safely.

    Best
     
  18. bottomline

    bottomline Formula 3

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    #18 bottomline, Dec 12, 2005
    The reason I asked is because there's a show called 'Sweet 16' or something like that on MTV. I can ensure, with the utmost certainty, that it is just as or even more obnoxious. ;)
     
  19. Bill Sawyer

    Bill Sawyer Formula 3

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    #19 Bill Sawyer, Dec 12, 2005
    It looks like I'm going to have to raise the budget for our dog's birthday party...
     
  20. Westworld

    Westworld Two Time F1 World Champ
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    #20 Westworld, Dec 12, 2005
    Looked at Forbes, still holds $70-million in stock.
     
  21. Alex_Grim

    Alex_Grim Formula Junior

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    #21 Alex_Grim, Dec 12, 2005
    Dan,
    Thanks for the further information on the party. NPR seems to be wrong. ::tear:: Sounds like she is alitttle too spoiled...
    Alex
     
  22. Ferrari0324

    Ferrari0324 F1 Rookie

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    #22 Ferrari0324, Dec 12, 2005
    Those are the most spoiled brats I've ever seen on Sweet 16.

    Society as a whole has become obsessed with the ultra rich.
     
  23. teeoh2xd

    teeoh2xd Rookie

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    #23 teeoh2xd, Dec 12, 2005
    I personally can not imagine have that kind of money spent on my birthday. Pointless, and MTV is nothing but a bunch of garbage anymore!
     
  24. amenasce

    amenasce Two Time F1 World Champ
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    #24 amenasce, Dec 12, 2005
    Well MAzel Tov !

    Anybody got her phone number ? I will prob be free in 5 years ! :D
     
  25. Gilles27

    Gilles27 F1 World Champ

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    #25 Gilles27, Dec 12, 2005
    They also said that his company is being investigated by the SEC, I believe.
     
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