Word: iacocca
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...typically high-powered week for the top executives of Ford Motor Co. All but one of them, that is. As managers met twice daily in corporate planning sessions with Chairman Henry Ford II at the company's "glass house" headquarters in Dearborn, Mich., President Lee Iacocca sat alone and unattended in his office, which adjoins the chairman's. He was undergoing the bitter wind-down to his firing by Henry Ford a week earlier, and his colleagues were continuing to speculate on what additional changes could be expected...
...Iacocca professed no future plans other than to take a vacation later this month, and to have his desk at Ford cleaned out in time for his formal departure on Oct. 15. Auto executives traded rumors all week that Iacocca had been tapped for a top job at Chrysler Corp., a story Chrysler directors denied. Other reports had him negotiating with major corporations outside the auto industry...
...Ford executives, the more immediate question was who, if anyone, will be named to succeed Iacocca. By present reading, the front runner is Executive Vice President William Bourke, 51, who heads the company's North American automotive division. A self-confident and well-traveled manager who converses with authority about world politics and many other subjects. Bourke has hardly been coy about his ambition to move into Iacocca's office. He was not happy to be left out of the 1977 reorganization that set up the office of the chief executive...
There is every reason for a thorough inquiry. U.S. automakers, especially Ford, are stepping up their investigation of these materials as an alternative to steel in a new generation of lighter cars that will burn less fuel. Ford President Lee Iacocca says that the composites will cut by 600 kg. (1,300 lbs.) the weight of a prototype car planned...
...onetime president of General Motors, Bunky went to work for dad's company and rose to executive vice president. Passed over for the presidency of G.M., he did the unheard-of and jumped to become president of Ford-only to lose out in a power struggle with Lee Iacocca, the current president. Undaunted, Bunky in 1971 took the wheel of White Motor and got off to a promising start. He quickly swung a $290 million line of credit from 42 banks, scrapped or sold off unprofitable properties, developed a new line of trucks and farm equipment and built...