CEO to wife: "Take my mansion, please."

Posted by: Prashant Gopal on February 9, 2009

Gawker has an interesting piece about corporate titans, such as Lehman Brothers’ former CEO Dick Fuld, who have been hiding mansions from creditors by putting them in their wives’ names. Apparently, it’s becoming a bit of a trend.

Reader Comments

sonia ama

May 8, 2009 12:22 AM

can I see the many mansion?????

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BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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