Thursday, November 21, 2024
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Iacocca - Where have all the Leaders Gone?

by Jim Pinto | from Pinto's Archive


Lee Iacocca is 82, but still as feisty as ever. The former Ford and Chrysler president is passionately angry about US leadership.

In his new book, Iacocca starts with the list of sins committed by President Bush and says that "he should visit the real world". The old warhorse is outspoken about cronyism in Washington, the abysmal situation in Iraq, and failed policies at home. He decries the lack of leadership in vital national concerns such as the health-care crisis, our loss of competitive edge in the global marketplace, the massive trade deficit, and the slow death of the middle class. He thinks Congress is spineless and should simply take a year off from passing laws and spending money. He lambastes business leaders for being obsessed with stock options and multimillion-dollar salaries.

He criticizes the American auto industry for its vast failures. He's mad-as-hell about the sale of Chrysler to Daimler-Benz, and feels that the once proud, independent company lost its soul. He didn't know yet that there's talk about Chrysler being sold again, and that employees may take a big ownership stake - he'd surely be pleased with that turn of events.

As in his previous best-selling autobiography, Iacocca is engaging and entertaining. He personally knows most of the current crop of presidential hopefuls and shares his views freely. His honesty is refreshing - he tells why he passed on a Presidential run, admits to voting for Bush in 2000, and confesses that he himself handpicked the guy who sold Chrysler to the Germans. But he is not a pessimist, and comes up with credible solutions. He hopes to inspire more young people to get involved and vote.


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