Quote:
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Originally Posted by Platapus
Quote:
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Originally Posted by Sailor Steve
Twenty years ago I said if you want to fix the economy, draft Lee Iaccoca.
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Iaccoca could not even run Chrysler without a billion dollar handout from the taxpayers.
After what happened to the American car market, I would not look toward him as a good example of leadership. |
Chrysler was already in trouble when Iaccoca took over. He went to the Feds for help, yes, but the "handout" was nothing more than a guarantee, and no money actually changed hands. With the guarantee in place he got backing from other sources, and in five years turned Chrysler from bankruptcy into a profitable concern. What has happened since he retired is hardly his fault.
http://www.scripophily.net/chryscor.html