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Maybe Lee Iacocca has the answer!

Discussion in 'Uncategorized Threads' started by pendennis, Sep 30, 2008.

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  1. pendennis

    pendennis Well-Known Member

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    Don't think for a second that Iacocca has the answer. He marches to a different tune than the one he espouses.

    When the Mustang was created, Iacocca insured that he took all the glory when he relegated Donald Frey to the back row when it came time for kudos.

    Lee Iacocca used the assets of Ford Motor Company for his self-aggrandizement when he led the Company. He frequently flew the company's Boeing 727 to Italy, ostensibly on business, but to have custom clothing and shoes made in Italy. He funneled corporate business to friend's travel agency, in direct violation of company policy. He ran things as his personal fiefdom. When called to task by Henry Ford, II, he pouted and bridled when Mr. Ford created a check on his power. He was eventually fired, and no one at Ford missed him.

    In the early 1980's he went to the Feds and got government-guaranteed loans, and made a big show when they were paid off early. Yes, Chrysler had the money; made in a rising market like GM and Ford.

    What wasn't mentioned, was that Ford was in far worse condition, and Mr. Ford kept the company grinding away, and we worked our way out of the problem, without Iacocca's braggadocio. Mr. Ford said many times, "Never complain, never explain".

    Dennis
     
  2. pendennis

    pendennis Well-Known Member

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    Dontrys - The subject is Lee Iacocca, and Iacocca doesn't do anything which doesn't help him personally. It took more than six years to repair the damage he did to Ford. He's pouted and badmouthed Henry Ford ever since.

    Iacocca, when Chrysler got in trouble a few years ago, talked Kirk Kerkorian into making a bid to take over Chrysler. Iacocca burned every bridge he had at Chrysler in the attempt.

    Keep on subject. Yours is a very weak attempt at thread drift.

    Dennis
     
  3. primed

    primed Well-Known Member

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    And for all these years, I thought it was the American TAXPAYER that rescued Chrysler.

    Bob
     
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