What Happened to Former Toyota Exec Jim Press?

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By
Muhammed El-Hasan
on October 1, 2009 10:35 AM | | Comments (0) |

It's a fascinating article about Jim Press. Could a mid-life crisis have felled his marriage? And will his reputation and career suffer as a result?

The truly puzzling life of Chrysler's deputy CEO

DETROIT (Fortune) -- When the news broke recently that Jim Press, the deputy CEO of Chrysler, is being hounded by creditors and the IRS for an array of debts, it presented a puzzle. How could an executive who worked at the top of the auto industry for decades get into such financial difficulty? And what turmoil was going on in the personal life of Press, who had been renowned in the industry for his Kansas-bred calm and quiet charm?

The answers appear to lie in two dramatic changes in his life, in which he abruptly left both his wife and his longtime employer for new situations. In 2006, the father of four startled colleagues when he appeared at a Florida car-dealer event with a new girlfriend, attendees told Fortune. The following week, his wife filed for divorce in Los Angeles.

Read more on Jim Press.

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This page contains a single entry by Muhammed El-Hasan published on October 1, 2009 10:35 AM.

Judge to Toyota: Don't Destroy Evidence was the previous entry in this blog.

MUHAMMED EL-HASAN: Help! My Nose Is Sagging. is the next entry in this blog.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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