Iacocca
by Lee Iacocca, William Novak
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Book Summary Information
Author: Lee Iacocca, William NovakEdition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2007-04-03
ISBN: 055338497X
Number of pages: 384
Publisher: Bantam
Book Reviews of Iacocca
Book Review: Enlightening, Entertaining and Inspirational!
Summary: 5 Stars
Lee Iacocca is best known for bringing back Chrysler from the brink of bankruptcy and taking $1 a year as a salary to show his commitment to the cause.
This is an important part of the book, it needed to be told. Also, Iacocca is a story of a man driven to work hard and become a leader. It is a bit egocentric at time, but that can be forgiven with the richness of the material. I found the book enlightening, entertaining and inspirational.
The inspirational part of the book is that when Chrysler is faced with impending tragedy the people all put together as one. It is disheartening that tragedy has to be a huge element in the success equation for many companies. This would be a tremendous book to explore.
Iacocca has some strong common sense weaved through this work. For example, Iacocca would prepare to hit the ground running by preparing for the week on Sunday evenings. Also, he notes that the speed of the boss is the speed of the team.
In another telling example during the almost collapse of Chrysler, Iacocca reduces his own salary to $1.00 a year to get support from the Chrysler workers and management. He says:
"Leadership means setting an example. He goes on to say: "I didn't take $1.00 a year to be a martyr. I took it because I had to go into the pits. I took is so that when I went to Doug Fraser, the union president, I could look him in the eye and say. "Here's what I want from you guys as your share," and he couldn't come back to me and ask: "You SOB, what sacrifice have you made?" That's why I did it, for good, cold, pragmatic reasons."
Overall, an excellent book with many powerful ideas worth embracing. Highly recommended!
The Re-Discovery of Common Sense: A Guide to: The Lost Art of Critical Thinking
Summary of Iacocca
He?s an American legend, a straight-shooting businessman who brought Chrysler back from the brink and in the process became a media celebrity, newsmaker, and a man many had urged to run for president.The son of Italian immigrants, Lee Iacocca rose spectacularly through the ranks of Ford Motor Company to become its president, only to be toppled eight years later in a power play that should have shattered him. But Lee Iacocca didn?t get mad, he got even. He led a battle for Chrysler?s survival that made his name a symbol of integrity, know-how, and guts for millions of Americans.
In his classic hard-hitting style, he tells us how he changed the automobile industry in the 1960s by creating the phenomenal Mustang. He goes behind the scenes for a look at Henry Ford?s reign of intimidation and manipulation. He recounts the miraculous rebirth of Chrysler from near bankruptcy to repayment of its $1.2 billion government loan so early that Washington didn?t know how to cash the check.
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