PARADISE VALLEY, AZ - N. Bud Grossman, co-founder of General Leasing Company (later named Gelco) and past president of the American Automotive Leasing Association (AALA), passed away Jan. 11 from Alzheimer's disease at his home in Paradise Valley, Ariz. He was 88.
EDEN PRAIRIE, MN – GELCO and GE Fleet Services sued Hecker and four of his businesses in federal court May 13 for allegedly defaulting on $7.2 million in car leases that Hecker personally guaranteed, according to the Star Tribune.
BLOOMINGTON, MN – Lloyd Leslie McPherson, former executive vice president of Gelco Leasing Corporation, passed away April 18 after a long, courageous battle with Alzheimer's. He was 85.
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