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Article: Henry II ends Iacocca's quest for the top spot at Ford Motor; After years of growing tension, the rift between the chairman and his too-brash rising star erupts in a high-profile firing.(Ford 100)
- Article from:
- Automotive News
- Article date:
- June 15, 2003
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Diana T. Kurylko
Few firings in the automotive world have caused as big a ripple as the ousting of Lee Iacocca by Henry Ford II on July 13, 1978.
The buzz went on for years. Was it really because the tycoon Henry II, a pillar of Detroit's high society, just didn't like the outspoken, flamboyant and cigar-chomping Iacocca, the son of Italian immigrants?
That's what Iacocca says in his 1984 autobiography in which he paints Henry Ford, chairman of the family company, as "an old pro at spending money.''
"He just sat in his ivory tower and said, `My God, we're making money!' He was there every day to throw his weight around, but he ...
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Article: Iacocca, Lido Anthony
Gale Encyclopedia of U.S. Economic History;
700+ words
... ... operation. The Mustang earned Iacocca instant fame as an industrial ... company. His only superior was Henry Ford II (1917 – 1987 ... never made clear, Chairman Henry Ford II discharged Lee Iacocca in June 1978. It was a shock ...
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