Word: forded
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Dates: during 1980-1989
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...Iacocca's mythic managerial skills may be seriously overrated. The Wall Street Journal, Iacocca's longtime antagonist, recently called him the "Motor City's most famous motor mouth." On the subject of trade conflicts with the Japanese, he does in fact speak somewhat promiscuously. Says an ex-colleague from Ford, where Iacocca worked for 32 years: "He doesn't know when to shut...
...upstart, you can sell: trucks, in Chester, Pa. Undaunted, he sold and sold and sold. During the next nine years, he hustled up the regional sales ranks. Finally, weeks after his marriage in 1956, Iacocca got called back to headquarters as a marketing manager under the chief "whiz kid," Ford Vice President Robert McNamara. Iacocca officially indulged his ^ love of the punchy phrase. Earlier that year he had devised a $56-a-month credit plan for Ford buyers ("$56 for '56"); later he was intent on the Mustang's exceeding the Falcon's all-time one-year auto sales record...
...April 1964, Ford introduced the Mustang. It is difficult to overstate the attendant hoopla. The car and its principal corporate patron, Lee Iacocca, appeared on the cover of both TIME and Newsweek. Iacocca, TIME declared, "is the hottest young man in Detroit," brilliant, an "ingenious automotive merchandising expert." Twenty-one years later, a metal sculpture of a Mustang hangs over Iacocca's desk at Chrysler, and a 1964 Mustang convertible, a gift from his wife in 1981, sits in his garage in suburban Detroit. "I'm generally seen as the father of the Mustang," he says in his book...
Iacocca became Ford's president in 1970. Eight years later, Chairman Henry Ford II demoted and exiled him. "He'll always be mad at Henry Ford," says Kathi Iacocca, 25, one of his two daughters. "He will take it to his grave. People who don't understand his anger don't know my father." Says a former Iacocca colleague: "He believes in reprisals for his enemies." In the book, Henry Ford is depicted as venal and mean, an almost unbelievably unappealing character. Iacocca asserts that his former boss was paranoid, vulgar, personally extravagant at company expense, cruel and sexist. Many...
...people are divided into two camps--"nice guys" and jerks (his own term is far earthier). "I know, I know," he said to the suggestion that life is not that simple. "But if a guy is over 25% jerk, he's in trouble. And Henry was 95%." Finally, many Ford executives bristle at Iacocca's implication in the book that it was he who made the company hum. Indeed, they claim he left Ford in disarray, strategically aimless. Then there are his professions of humility. Says a Ford executive: "He suffers delusions of modesty...