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
The biggest mistake in my life was hiring Eaton as chairman without checking him out first, ... I didn't know him and hired the wrong guy, an error of judgment. When you make a bad people choice it hurts a lot of people for a long time.
If you own up to your mistakes, you don't suffer as much. But that's a tough lesson to learn.
I don't need a $100 million mistake. Try to make a $5 million mistake if you have to make one.
Mistakes are a part of life; you can't avoid them. All you can hope is that they won't be too expensive and that you don't make the same mistake twice.
The only mistake I ever made was not listening to my gut.
People say to me, ''You were a roaring success. How did you do it?'' I go back to what my parents taught me. Apply yourself. Get all the education you can, but then, by God, do something. Don't just stand there, make something happen.
Boys, there ain't no free lunches in this country. And don't go spending your whole life commiserating that you got the raw deals. You've got to say, "I think that if I keep working at this and want it bad enough I can have it." It's called perseverance.
You know, I'm not too sure what you just said. Now everybody gets a great deal.
I'm here today because our country needs a change in leadership, ... We need a leader who is really dedicated to creating millions of high-paying jobs all across the country.
The ability to concentrate and to use your time well is everything.
I gotta tell ya, with our $2.4 billion in profits last year, they gave me a great big bonus. Really, it's almost obscene.
I was stunned. It was a complete takeover. Chrysler had $12 billion in cash and was stronger at the time and should have bought Daimler.
We believe the combination of these two companies will produce very powerful synergies and puts us on a solid platform from which we should be able to realize our full growth potential.
We at Chrysler borrow money the old fashion way. We pay it back.