Word: lutze
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...smooth transition to the post-Iacocca era may finally have come. Chrysler directors chose Eaton during a 12-hour weekend showdown in which they apparently called the chairman on his two-year-old promise to step down. The compromise deal, which muscled aside Chrysler's respected president, Robert Lutz, brought Eaton into the company as vice chairman and chief operating officer. If all goes as planned, he will succeed Iacocca as chairman and chief executive when the latter retires Dec. 31. Iacocca, who had sought to stay on as chairman past that date, will take the lesser but still influential...
...compact autos that kept Chrysler alive in the early 1980s. Then came financial wizard Gerald Greenwald, also from Ford, in 1979. As Sperlich faded, Greenwald rose to become vice chairman. Just as he was approaching the throne, however, Iacocca plucked another Ford star in 1986, when he hired Lutz as executive vice president...
Whatever Iacocca's motives were, he and Lutz soon found Chrysler too small for both their reputedly full-size egos. Lutz sealed his fate by being "honest to a fault," in the words of a close observer (who, like many others, spoke only off the record). Lutz declared all too openly that he thought Iacocca was past his prime and that credit for Chrysler's upcoming line of vehicles was as much his as Lee's. While many experts agreed that Lutz had been the chief engineer, an infuriated Iacocca began talking to directors last year about yet another outsider...
...work on that deal, he landed as a managing director for investment banker Dillon Read); and Robert S. ("Steve") Miller, another vice chairman and prospective Iacocca heir, who quit in February to go to Wall Street after telling the board that the right management team for Chrysler would be Lutz as top man and Miller himself...
Triples are now the yardstick of the sport. They range in difficulty from the toe loop and Salchow, through the loop, flip and Lutz to the Axel, the ultimate challenge. Senior male competitors do triples routinely, but they are very tough for women who lack sufficient strength. One difference between watching on TV and seeing a competition is that at rinkside, spectators see all 20-odd contenders, not just the top handful. Among the lower rankings the number of falls is shocking. "There's a big element of risk," says Don Laws, who coached Scott Hamilton and knows that...