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abumbyanyothername Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-18-09 11:35 PM
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Life is tough all over . . .
http://news.yahoo.com/s/nm/20090918/bs_nm/us_chrysler_press_5

Article on former Chrysler CEO Jim Press' tough economic times:

<snip>

The couple, who have put the six-bedroom mansion up for sale at $3.15 million, now face a tax lien against the property for just over $947,000 related to unpaid income taxes for 2007, according to a filing in late August.

Press has also been sued by a California credit union for failing to repay $406,000 on a loan dating back to his time at Toyota, court records show.

"No comment," Press said in an email to Reuters. "Thank you for your interest."

The lawsuit and tax lien against Press were first reported by The Detroit News on Friday.

BONUS REQUEST DENIED

Press was the only member of Chrysler's senior leadership team to remain with the company after it completed a fast-track bankruptcy backed by $10 billion in federal funding in June.

<snip>

I know about the four paragraph rule, but really, each of these paragraphs is one sentence.
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