Great American Business Leaders of the 20th Century
Lido (Lee) A. Iacocca
Chrysler Corporation
1979–1993
1979–1993
Chrysler Corporation
1979–1993
1979–1993
- Industry: Automotive & Aerospace
- Era: 1970
Iacocca, former president of Ford Motor Company, took over Chrysler when it was leaning towards bankruptcy. He asked Congress for a loan, arguing that if Chrysler filed for bankruptcy, the government would have to spend more on unemployment compensation than on keeping the company in business. The loan was granted and a year later, Iacocca announced Chrysler’s first profit in many years. During his turnaround of Chrysler, he brought the convertible back into fashion and introduced the minivan.
Personal
- Born-Died: 1924
- Birthplace: Pennsylvania
- Race: White
- Gender: Male
- Father: Owner, Small Business
Education / Military
- Graduate: Princeton University
- Undergraduate: Lehigh University