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Article: Is this Lee Iacocca's bid for revenge?(former Chrysler CEO joins Kirk Kerkorian in takeover bid)
- Article from:
- Newsweek
- Article date:
- April 24, 1995
- Author:
CopyrightCOPYRIGHT 1995 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. 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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REVENGE IS A DISH BEST eaten cold. Lee Iacocca says so, on the first pages of his autobiography. "On July 13,1978, 1 was fired. I had been resident of Ford for eight years and a Ford employee for thirty-two. It was gut-wrenching." From his spacious suite atop World Headquarters' attended by whitecoated servants, he was exile to Siberia," a warehouse cubicle in the fartherst corner of Henry Ford's kingdom. "Don't get mad." his wife, Mary, reminded him. "Get even." Iacocca went to Chrysler, and the rest was history.
History may be repeating itself. Around Detroit, Iacocca's role in the attempted takeover of Chrysler has sparked as much talk as the bid itself. The ...
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