Lee Iacocca
Lee Iacocca
Lido Anthony "Lee" Iacoccais an American automobile executive best known for spearheading the development of Ford Mustang and Pinto cars, while at the Ford Motor Company in the 1960s, and then later for reviving the Chrysler Corporation as its CEO during the 1980s. He served as President and CEO of Chrysler from 1978 and additionally as chairman from 1979, until his retirement at the end of 1992...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth15 October 1924
CityAllentown, PA
CountryUnited States of America
If a guy is over 25 percent jerk, he's in trouble. And Henry was 95 percent.
I guess that's one achievement I'm really proud of. Saving Chrysler was more than jobs, more than shareholder value. Saving Chrysler was a good idea for the whole country.
Chrysler builds great cars.
Here's what management is about: Pick good people and set the right priorities.
Here's what we should be doing. We've got to get off fossil fuels.
From what I've seen, you either get grounded in that kind of positive thinking early on in life or you don't. Establishing priorities and using your time well aren't things you can pick up at the Harvard Business School. Formal learning can teach you a great deal, but many of the essential skills in life are the ones you have to develop on your own.
They're on you day and night. Their oversight is just too extreme [. . .] That's why our 10-year loan, we paid it back in three years. We couldn't stand the government. The bureaucracy kills you.
Incompetency begets incompetency. The last thing a guy who isn't sure of himself wants is a guy backing him up who is sure of himself.
If you own up to your mistakes, you don't suffer as much. But that's a tough lesson to learn.
In the great undertakings, there is glory, even in failure.
They've got about as many lawyers as we have sumo-wrestlers.
Why is our free-enterprise system so strong?- Not because it stands still, frozen in the past, but because it has always adapted to changing realities
There are times in everyone's life when something constructive is born out of adversity... when things seem so bad that you've got to grab your fate by the shoulders and shake it.
I guess I invented extended warranties, because that's all we had to sell at Chrysler in those days.