Business Biographies Home - Woopidoo.com - Info
business leaders and entrepreneurs
Business Leaders

Lee Iacocca Biography

Find a Famous Biography
Biographies of business leaders, entrepreneurs and investors worldwide.
Woopidoo - Business articles, business quotes and resources online.
Lee Iacocca Biography - Profile Lee Iacocca Biography - Life

Sponsored Links
Lee Iacocca photo
Lee Iacocca Biography (Lido Anthony Iacocca) : (former) Chairman of Chrysler Corporation
Famous for : Turning around the troubled American car manufacturer Chrysler Corporation and being a respected business leader.
Iacocca details : Born - October 15, 1924 USA / Lives - United States


::: Woopidoo> Business People Home>
Lee Iacocca Bio

business leaders and entrepreneurs Biography - Information

Lee Iacocca has written several successful books, but he is best known for reviving the Chrysler automobile brand in the 1980s as Chief Executive Officer of the car company.

Lee Iacocca, born Lido Anthony Iacocca on October 15, 1924, grew up in Allentown Pennsylvania and was the son of Italian immigrants. He attended William Allen High School as part of his primary education and later studied at Lehigh University in Bethlehem, Pennsylvania. During his years at the university, Iacocca became a member of the Theta Chi Fraternity and eventually graduated with a degree in industrial engineering, a focus suitable to the booming steel industry in the area.

With a Wallace Memorial Fellowship, Lee Iacocca traveled to Princeton University in nearby New Jersey to study politics and plastics before beginning his career in the automotive industry with the Ford Motor Company. He began his career at Ford as an engineer but soon switched to sales and eventually moved to product development where the work better suited his desires. His "56 for 56" marketing campaign in 1956 was a landmark in his career with Ford and eventually helped him rise through the ranks of the company where he ended up as President of the Ford Division in 1964.

During his career with Ford, Iacocca helped design and market several of Ford's most successful automobiles including the Ford Mustang, the Ford Fiesta, and the Lincoln Continental Mark III. He also helped revive the Mercury brand with the Mercury Marquis and the Mercury Cougar. Although he helped Ford earn billions in profit, Henry Ford II fired Lee Iacocca in 1978 as a result of personal conflicts between them.

Immediately following his departure from Ford, Lee Iacocca joined the Chrysler Corporation to help them revive their failing automobile business. At the time, Chrysler was on the verge of bankruptcy and was losing money on larger model cars. As soon as he stepped into office as Chairman, Iacocca began rebuilding the business by restructuring levels, removing workers, and selling off portions of the corporation that were losing money. Besides bringing over some professionals from his work at Ford, Iacocca also brought with him the MiniMax project, a minivan model that Henry Ford II hated and refused to incorporate into the Ford line of products.

With the fuel crisis of the 1970s, Americans were looking for automobiles that were more fuel efficient and inexpensive than previous models. As a result, Iacocca introduced small compact cars from Chrysler that the American public embraced. These small models, along with the minivan, were ideas that had been rejected by Ford. The smaller Chrysler models were a hit and the minivan became the essential family vehicle as soon as it was introduced only a few years later.

Iacocca eventually left Chrysler in 1993, but not before acquiring AMC, the parent company of the Jeep brand. The Jeep Grand Cherokee had been in Lee Iacocca's sights for a long time and he helped Chrysler acquire the rights prior to his departure.

Besides contributing to the American automotive industry, Lee Iacocca also wrote a series of books detailing his life and work. He has also been a long-time supporter of diabetes research ever since his first wife, Mary McCleary, died of complications from diabetes in 1983. Although he has officially retired from Chrysler, Iacocca continues to write and speak on behalf of the company and contributes to websites and editorials concerning politics and the state of America.



This Lee Iacocca biography may not be reproduced online.
Copyright © Woopidoo.com (ek)



Lee Iacocca Quotes Lee Iacocca Quotes


In business, you’re trying to make a buck. God was good to me and blessed me. I made some money and started this foundation years ago, and it has grown in size. With the foundation it’s a lot different, because the bottom line isn’t how you can make more money or get a better return, it’s helping the projects that you feel strongly about move forward.
Lee Iacocca - Business - Money - Philanthropy - God - Profits

I was fortunate to get a scholarship when I went to Lehigh University and Princeton. They were both wonderful schools. Somebody was kind enough to spend their money to educate people that they would never get to know. That’s what I think philanthropy is about.
Lee Iacocca - Learning - Money - Philanthropy


::: more Lee Iacocca quotes

Business Leader Resources Related Business Leader Resources at Woopidoo.com

Business Leaders : Henry Ford Biography - Steve Ballmer Biography - Jack Welch Biography - Vince Lombardi Biography - Ray Kroc Biography - Walter Chrysler - Famous Americans - Car Industry Leaders - CEOs and Managers - Philanthropists - Autos
Business Quotes : America - Authority
- Business - Companies - Consumer - Employee - Encouragement - Hard Work - Ideas - Innovation - Jobs - Leadership - Management - Negotiation - Optimistic - Philanthropy - Strategies - All Inspirational Quotes


::: Business Success Home> Business People> Lee Iacocca> Lee Iacocca Quotes> Chrysler CEO Lee Iacocca Biography




business and finance portal Business Success

Subscribe to receive a motivational business and finance quote each week. Includes quotes from International leaders in business, finance, and motivation.
Subscribe
Unsubscribe




Join us @
follow us on facebook follow us on twitter follow us on google plus

Lee Iacocca Biography - Life


Copyright © Woopidoo.com - Learn from the leaders in business!