Lee Iacocca

Iacocca, Lee (Lido Anthony Iacocca)Īˌəkōˈkə, 1924–, American business executive, b. Allentown, Pa. In 1946 he joined the Ford Motor Company, where he rose to president (1970–78). He left the company after a dispute with Henry Ford II and became president (1978) and then chairman (1979) of the Chrysler Corp., restoring it through shrewd financial policies, a $1.2 billion loan guarantee, and tax concessions granted by Congress. In the 1980s, he also served as chairman of the Statue of Liberty–Ellis Island Foundation and engineered Chrysler's $1.5 billion acquisition of American Motors. Iacocca retired at the end of 1992, but in 1995 he aided billionaire Kirk Kerkorian in his unsuccessful attempt to win control of Chrysler.

See his autobiography, written with W. Novak (1984); P. Wyden, The Unknown Iacocca (1987); D. P. Levin, Behind the Wheel at Chrysler (1995).

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

More on Lee Iacocca from Fact Monster:

  • Henry Ford: Later Generations - Later Generations Henry Ford's son, Edsel Bryant Ford,. 1893–1943, b. Detroit, shared in ...
  • Pennsylvania - Information on Pennsylvania — economy, government, culture, state map and flag, major cities, points of interest, famous residents, state motto, symbols, nicknames, and other trivia.
  • October 15 Birthdays: P. G. Wodehouse - October 15 birthdays: P. G. Wodehouse , Edith Bolling Galt Wilson, C. P. Snow, Michel Foucault, Arthur Schlesinger Jr., Hiram Leong Fong, Mikhail Yurevich Lermontov, Lee Iacocca, Friedrich Wilhelm Nietzsche, Mario Puzo, Helen Hunt Jackson, John Kenneth Galbraith , Penny Marshall
  • July 30 Birthdays: Henry Ford - July 30 birthdays: Henry Ford, Casey Stengel, Lisa Kudrow, Arnold Schwarzenegger, Henry Moore, Thorstein Veblen, Emily Brontë
  • Notable Business Biographies - Selected biographies of well-known Business Biographies

See more Encyclopedia articles on: Business Leaders

Play Hangman

Play Poptropica

Play Quizzes

Play Tic Tac Toe