Business Link

Ron Detjen, the CEO of ImproMed, a veterinarian software business, had all of his accounts and loans - including his own home's mortgage - with one bank with whom he had had a great relationship, until a new president took over. Detjen owed about $3 million in outstanding loans, and the new president didn't want to maintain a relationship that he saw as a liability. He even claimed that one of the loans was made illegally. The president threatened to close all of Detjen's accounts and lines of credit immediately. With his payroll to meet within days, Detjen eventually convinced the bank to allow him to use a line of credit to pay his employees, narrowly averting disaster.
(Taken from Business Week)

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