Word: iacocca
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Dates: during 1960-1969
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...Frey (pronounced fry) who in January 1961, soon after he was made Ford's product-planning manager, put designers to work on a sporty little car. Frey and his old mentor Lee Iacocca (TIME Cover, April 17, 1964) saw the Mustang into production two years before Chevrolet could react. For his work, Frey was well rewarded: in 1965 he became head of the Ford division. Last year he moved up to a six-figure-a-year vice-presidency in charge of product development...
Frey decided a month ago that he would leave Ford. He knew that Ford's presidency would not likely be open again until 1978, when Knudsen turns 65. Even then, the man next in line is Lee Iacocca, currently Ford's third-ranking executive and, at 43, a year and a half younger than Frey...
...Detroit's favorite yardstick -sales - the Ford Mustang is the most successful car ever introduced. And the men who were responsible for it are being suitably rewarded. Lee Iacocca, the Ford division general manager who introduced the Mustang (TIME cover, April 17, 1964), is now corporate vice president responsible for all Ford Motor Co. production and sales. Donald N. Frey (pronounced Fry), Iacocca's assistant general manager and chief engineer, the man who actually designed the Mustang, succeeded his boss two years ago as Ford division general manager. Last week Frey, 44, moved even higher. He was promoted...
...There said is a pause in the auto market,"said Ford Motor Group Vice President Lee Iacocca last week...
...Lincolns dropped 18%, to 7,300. For that reason Ford shifted drivers at its Lincoln-Mercury Division: to another job in the company went Lincoln-Mercury Division Boss Paul Lorenz, and in came Vice President E. F. ("Gar") Laux, an aggressive protege of Iacocca...