Troubles
Moran pled guilty to tax evasion in 1984. He insisted that he had been given bad advice and it was not intentional. He was fined $35,000, put on probation, and created a training facility for disadvantaged youth (see Philanthropy, below).
A number of Toyota dealers filed suit against JMFE alleging that they were coerced into doing business with other JMFE companies in order to receive the most desirable Toyota models. Eventually, all the lawsuits were dropped after a settlement was reached.
In the late 1980s, SET was accused of denying dealership franchises to blacks who met the distributor's requirements. In 1992, a congressional hearing was held to investigate possible discrimination. In response, JMFE began the yearly African-American Achievers Awards.
Read more about this topic: Jim Moran (automotive)
Famous quotes containing the word troubles:
“If you are well off and can afford to spend ten or twenty-five dollars a day to hire some patient soul to listen to your troubles you can be readjusted to the crazy scheme of things and spare yourself the humiliation of becoming a Christian Scientist. You can have your ego trimmed or removed, as you wish, just like a wart or bunion.”
—Henry Miller (1891–1980)
“When a man laughs at his troubles he loses a good many friends. They never forgive the loss of their prerogative.”
—H.L. (Henry Lewis)
“Be thou our guard while troubles last,
And our eternal home.”
—Isaac Watts (1674–1748)