Summary:
Early this month, Lee Iacocca – legendary President of Ford Motor Company and later of Chrysler – passed away on 2nd July at the age of 94. It was during the 1960s that Iacocca was able to launch successful car models, which became iconic with the passage of time. One of the most enlightening portions has been the dialogue he has reported between Henry Ford II and him regarding paying income tax. Often there had been no easy achievements and paths taken for the stressed top executive primarily due to strained relations with the Chairman Henry Ford II. We cannot, in today's world, blame Iacocca for not paying attention to developing smaller and fuel efficient cars at that time..