Iacocca: An Autobiography - Chapter 1 Summary & Analysis
Chapter 1 Summary and Analysis
Lee Iacocca was born Lido Anthony Iacocca on October 15, His parents Nicola and Antoinette were Italian immigrants. His father, Nicola, owned The Orpheum Weiner House in Allentwon, Pennsylvania, where Lee grew up. Lee owned a small-sandwich shop called The Four Chefs in The restaurant did well but he had to sell it because it moved him into a higher tax bracket.
Lee decided to work in the auto industry at the age of fifteen.
The Iacocca family prospered in the s, but then lost almost everything during the Depression in the s. Because of this, Lee decided at an early age that he wanted to be wealthy.
Lee was greatly influenced by his father and the Depression when he was growing up.
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Lee Iacocca, the corporate icon of the “go go” era, recounts (with co-writer William Novak) how he did it his way, with a little help from his friends. He sets the record straight about insinuations that he was a flamboyant flash in the pan or had Mafia ties. A sense of honesty pervades his narrative, which often reveals more about the man than he probably intended. This classic is a cultural account of a time when American manufacturing was full of vitality, and marketing was simpler and more direct. At the time, experts warned Iacocca that you can know too much about everything and that a flood of information will just slow you down. He decided to know it all, anyway. His philosophy, well expressed between anecdotes, seems almost naïve now, certainly when contrasted with the ruthlessness of his nemesis, Henry Ford II. Iacocca gets the last laugh with his insider descriptions of life in the corporate glass house. getAbstract recommends this frank, refreshing yarn to postboomer business leaders, managers on the ascent, car buffs and manufacturers who operate within a dealer network.
About the Authors
Born in Allentown, Pennsylvania, Lee Iacocca, the son of immigrants, r
Review of Iacocca: An Autobiography Essay (Book Review)
Introduction
Lee Iacocca, formerly Lido Anthony Iacocca was born on October 25th, in Pennsylvania to Italian immigrants Nicola and Antoinette. He changed his name to Lee when he joined Ford because he felt that clients and contacts would familiarize themselves with Lee much easier.
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Lee failed to be enlisted as a soldier for WWII because of his health condition, as he had a Rheumatic Fever, which he had suffered from since his childhood. The alternative he took was joining Lehigh University where he got a degree in engineering. He was then awarded a scholarship to Princeton for his masters, and he set aside Ford to pursue this. When he completed his masters in , he joined Ford as a student engineer (Chin Para.3), where he lasted until July when a personal conflict drove Henry Ford II to fire him. By then, he was the president at Ford.
He joined Chrysler in November assuming the position of Chief Executive Officer. He then proceeded to pull Chrysler out of the disaster it was in a record five years and pay off his debtors and creditors se
Iacocca: An Autobiography Summary & Study Guide
Iacocca: An Autobiography is the fascinating story of Lee Iacocca, a business legend. He helped shape Ford into the number two US auto maker and then saved Chrysler from going out of business. In this book, Iacocca reveals the situations he faced and the management magic he performed to make both companies into good performers.
Lido Anthony Iacocca was born to Italian immigrant parents. He and his sister grew up in a warm, loving and nurturing environment. He married Mary in and they had two daughters, Kathi and Lia. Lee always remained a family man. No matter how hard he worked or how far he rose in the ranks of management, he always devoted weekends and vacations to his family.
Lee obtained his education at Lehigh University and then received a fellowship for graduate study at Princeton University. After school, he went to work for Ford. After nine months in their training program, he decided he wanted to be in sales and secured a position in a district sales office in Pennsylvania. From there, he began his stellar rise through the ranks to become the head of the Ford Division in He and his team developed the Mustang, one of t
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