Word: lacocca
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Dates: during 1980-1989
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...Ford sales office in Chester, Pa., when the couple met at a Ford conference in Philadelphia in 1948. They have two daughters, Lia, 18, a student at a Michigan college, and Kathi, 23, a recent Middlebury (Vt.) College graduate who is a Washington public relations account executive. lacocca and his daughters are close; he usually stays in Kathi's guest bedroom during his frequent trips to the capital...
...pressures have killed off one family institution, a weekly low-stakes card game with a group of friends known as the Friday Night Poker Society that frequently met in a game room dubbed Lido's Lounge. lacocca does still find time to indulge a predilection for preparing his own Italian sauces. During a father-and-daughter European trip, he even induced an Italian hotel-owning friend in Modena to let him spend several hours observing the kitchen chef. Says he: "I cook on weekends mostly. Mary says it's O.K. as long as I have three guys follow along behind...
...exercise, lacocca jogs 15 to 20 minutes...
Peter Peterson, chairman of Lehman Bros. Kuhn Loeb, the New York City investment banking firm, and former Secretary of Commerce: "Bailing out troubled companies is a broad-based policy, not an individual phenomenon. Lee lacocca has not only been a phenomenon, he has been phenomenal. But should we build a broad-based policy on the assumption that another lacocca would be at the helm...
...matter of principle and precedent, I do not feel the Government should bail out companies. As chairman of the Small Business Committee, I have lived through two years of seeing little companies go down the chute in record numbers. Having said that, do I feel Chrysler and lacocca have done a superb job? No question about it. I'm delighted to see Chrysler succeeding...