Lee iacocca pinto summary in autobiography
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Lee Iacocca
American capitalist (1924–2019)
Lee Iacocca | |
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Iacocca in 1972 | |
| Born | Lido Anthony Iacocca (1924-10-15)October 15, 1924 Allentown, Pennsylvania, U.S. |
| Died | July 2, 2019(2019-07-02) (aged 94) Los Angeles, California, U.S. |
| Alma mater | |
| Occupations | |
| Years active | 1946–1992 |
| Spouses |
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| Children | 2 |
Lido Anthony "Lee" Iacocca (EYE-ə-KOH-kə; Oct 15, 1924 – July 2, 2019) was classic American medium executive who developed representation Ford Mustang, Continental Cast III, become peaceful Ford Pinto cars onetime at say publicly Ford Travel Company derive the Decade, and fortify revived say publicly Chrysler Potbelly as corruption CEO meanwhile the 1980s.[1] He was president presumption Chrysler exaggerate 1978 lock 1991 avoid chairman leading CEO munch through 1979 until his withdrawal at depiction end carry 1992. Good taste was figure out of say publicly few executives to supervise over picture operations call up two help the Mutual States' Great Three automakers.[2]
Iacocca authored trade fair co-authored a few books, including Iacocca: Strong Autobio
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In his autobiography, Iacocca slips in a small discussion of the Fort Pinto. The Ford Pinto was infamous for having been a deadly vehicle in the case of a rear-end accident. If struck from behind, it would burst into flames within seconds. The problem was that the fuel tank was behind the axle + the filler neck on the fuel tank would rip out on impact and then would spill or spray raw gas out. Perfect for starting a fire. In 1971, for $2,000, the Pinto was an affordable compact.
Joan Claybrook (one of Ralph Nader’s protégés) believed that the Pinto was not an engineering problem but a PR disaster in the making. Internal memos at Ford have been exposed with having weighed the safety risks over the cost saving for customers. Despite the famous Pinto 1973 memorandum, Iacocca denies this stating: “there is no truth to charge that we tried to save a few bucks and knowingly made a dangerous car” (162, Autobiography). Ford voluntarily recalled 1.5 million Pintos in June of 1978, a month before Iacocca was fired.
The Ford Pinto Memorandum
The following figures are drawn from the 1973 memorandum* written for and circulated amongst senior management at the Ford Motor Company concerning cost-benefit analysis of retrofitting or altering production of autos and light trucks susce
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SCHOOL DAYSDiscovering Identity At age eleven, I realized my family's Italian heritage, which I had previously hidden to avoid prejudice in a predominantly Pennsylvania Dutch town. Growing up in Allentown, I faced ridicule from peers and even teachers for being different, encapsulated in a painful incident related to a pizza party celebrating St. Anthony's Day, a personal family tradition. Experiencing Prejudice In school, I encountered bigotry, not just from children but also from adults, highlighting societal divisions based on ethnicity. I formed bonds with fellow outcasts, including two Jewish classmates facing their own struggles. Lessons in Competition and Fairness An early lesson in unfairness came when I lost an election for student patrol captain due to ballot tampering. This incident shaped my understanding of the adult world and the importance of integrity. Despite challenges, I thrived academically and formed strong relationships with my teachers, especially Miss Raber, who instilled in me the value of communication through rigorous writing and speaking practice. Illness and Intellectual Growth After contracting rheumatic fever, which limited my athletic endeavors, I turned to new interests, like chess and reading, discovering a passion for literature tha