Word: iacocca
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Mindful of Chrysler Chairman Lee Iacocca's compensation of $5.5 million last year, U.A.W. negotiators came to the first meeting wearing buttons saying LEE GOT HIS. WE WANT OURS. They called for the carmaker to set up a profit-sharing plan for its 69,000 workers at 46 U.S. sites. Another issue that may complicate efforts to forge a contract before the October 15 deadline is the location of new plants. The union wants a promise from Chrysler that it will build the Liberty, a subcompact designed to compete with General Motors' Saturn, in the U.S. rather than in South...
...think there is a wide audience for these books," says Linda Grey, Bantam's vice president, publisher and editor in chief. "Ferraro, Yeager, Iacocca all have stories that are unique, and that no one else can tell. Each of these touches on things that many people want to know. In each case, the readership extends beyond the normal book-buying public...
Though big-name autobiographies have always been reasonably popular, the boom in megabuck success stories--political, financial, sporting and otherwise--started with Bantam's astonishing sales of Iacocca, more than 2 million copies in hardcover and still the No. 2 nonfiction best seller after eight months as No. 1. Indeed, the only hardcover that is selling better is another autobiographical success story from Bantam, Yeager, by Chuck Yeager and Leo Janos...
...depends on who actually writes such autobiographies. Linda Bird Francke was signed up for the Ferraro story partly because of her success in working on the best-selling memoirs of Rosalynn Carter. The O'Neill project is in the hands of William Novak, who wrote Iacocca. "A publisher would pay a lot for Novak," says one agent. "In a business fraught with insecurity and fear, anything that reduces that fear increases in value...
...majestic Mohammed Ali Mosque has overlooked Cairo for 130 years. Last week Egyptians were contemplating another Muslim institution with the same name: Muhammad Ali, 44, the noted U.S. automaker. That's right, Ali has gone from rope-a-dope to car star. Lee Iacocca, you could be in a heavyweight fight here. The poetic, peripatetic former boxing champion was in Egypt to announce the launch of a two-seater sports car, to be called the Ali 3 W.C. (for three world championships). The $25,000-to-$30,000 item will be turned out in South Boston, Va., starting next year...