Lee iacocca biography summary example

Topics for Discussion. Print Word PDF. This section contains words approx. Lee decided to work in the auto industry at the age of fifteen. Lee was greatly influenced by his father and the Depression when he was growing up. View a FREE sample. In part 1 of the book, Iacocca speaks of his Italian immigrant family and his experiences at school.

He was offered a job at Ford straight out of college, but at the same time, he was offered a fellowship for a graduate degree at Princeton University. He took the fellowship with the promise of a job after leaving Princeton. In his year at Princeton, his recruiter was drafted into the war and by the time he was finished with school, no one at Ford had heard of him.

After explaining what had happened, he was given the 51st spot on the training group. In part 2, "The Ford Story", Iacocca tells of his triumph of the Mustang and his climb to power in the company. He established a plot to fire Iacocca, and Iacocca was to resign from the company on October 15,his 54th birthday. On July 13,the loan was paid back in full and Chrysler began to flourish.

Inalong with billionaire Kirk Kerkorian, Iacocca tried to spearhead a hostile shareholder takeover of Chrysler. It failed, and the aftermath damaged Iacocca's legacy with executives still working at the automaker. He took on other ventures in retirement. He invested in EV startups; he founded Olivio, which made olive oil-based butter substitutes.

In the early s, he once again stepped up as Chrysler pitchman, appearing in commercials with celebs like Snoop Dogg and Jason Alexander. Iacocca's legacy is not without dark spots. At Ford, he rushed the ill-fated Pinto into production; when the car showed a tendency to explode in rear-end collisions, Ford was forced to recall 1. And after turning things around at Chrysler, Iacocca went on a buying spree.

Chrysler acquired positions in Gulfstream, invested in tech companies, took over Lamborghini and invested in a rental-car business. Alongside a few poorly-managed vehicle launches, this large-scale spending threatened to reverse Chrysler's ascent. But Lee Iacocca will best be remembered for the knockout products he launched. With the Mustang, he invented the pony car.

With the K-Car, he gave Chrysler a road back to profitability.

Lee iacocca biography summary example

With the minivan, he invented the defining vehicle for a generation of families. He's the only automotive executive to pen a best-selling autobiography. Nearly 30 years after he stepped down from Chrysler, he was still a household name. Lido Anthony Lee Iacocca has become a concern icon as an illustration of success as a director and leader in the dramatic growing and turnaround of ailing concern houses.

He changed his name to Lee when he started developing at Ford because this was easier to retrieve by his co-workers to set up […]. Read more Pages: 6 Words: Views: