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Iacocca, Lee

Also found in: Financial.

Iacocca, (Lido Anthony) Lee

(1924–  ) automobile executive; born in Allentown, Pa. He had a long career at Ford Motor Co. (1946–78), where he introduced the best-selling Mustang. Fired from Ford's presidency (1970–78), he became president, CEO, and chairman of the failing Chrysler Corporation (1978–92), which through layoffs, cutbacks, hard-selling advertising (including his personal "pitches"), and a government loan guarantee he restored to profitability. He became the national model of a "can-do" executive; his autobiography, Iacocca (1984), was a best-seller.
The Cambridge Dictionary of American Biography, by John S. Bowman. Copyright © Cambridge University Press 1995. Reproduced with permission.
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