Word: iacocca
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Standing in line was a great opportunity to check out the more unusual clothing. One girl was dressed like the Statue of Liberty; it wouldn't have been that bad if her date hadn't looked like Lee Iacocca...
Supporting the arguments of both Ford and GM, NHTSA Administrator Diane Steed said that a "higher standard would have resulted in the loss of jobs for tens of thousands of workers." Chrysler Chairman Lee Iacocca attacked the decision, calling it a "mockery of the law" and "unfair to manufacturers who have based their product plans on federal standards." Chrysler spent $4.8 billion in redesigning its cars, in part to get fuel consumption down to the mandated level. Now, notes the frustrated Iacocca, the Government is changing the rules in the middle of the game...
This week's cover portrait of Mafia Chieftain John Gotti is Artist Andy Warhol's fifth TIME cover since illustrating "Today's Teen-Agers" in 1965. The others: the Fonda family (1970), Michael Jackson (1984) and Lee Iacocca (1985). Like all TIME cover art, the Gotti print will be donated to the National Portrait Gallery of the Smithsonian Institution. The final selection was chosen from 30 different versions prepared by the artist, who tempered his affinity for vivid hues. "The colors Warhol used are rather somber and threatening," says Executive Art Director Nigel Holmes. "Unlike with Michael Jackson...
Moreover, some of the qualities that Americans love in Iacocca the gruff, can-do businessman might work against Iacocca the presidential candidate. Could a hard-driving corporate titan, accustomed to speaking his mind and having his way, cope with the subtleties and compromises of American realpolitik? The draft-Iacocca boosters may underestimate the depth of his lifelong love affair with the auto business. He adores the nuts and bolts of it, the marketing strategies, the finite way in which success (or failure) is easily measured. With Chrysler on the rebound, Iacocca harbors impossible dreams of driving his company past Ford...
According to insiders at Chrysler, the chairman stands a good chance of bucking the company's tradition of retiring executives at 65. With perhaps another decade of wheeling and dealing in the auto business ahead of him, Lee Iacocca might simply be enjoying himself too much to run for President...