Lee Iacocca

@Business People, Timeline and Personal Life ★ ★ ★ ★ ★ Lee Iacocca is a businessman famous for reviving the Chrysler Corporation from near bankruptcy American Princeton University Business People Automobile Industry Libra Celebrities Lee Iacocca, born as Lido Anthony Iacocca, is a businessman who attained a celebrity status by reviving the fortunes of automobile manufacturer Chrysler Corporation which was on the verge of bankruptcy when he took over as the CEO. Previously, he had worked at the Ford Motor Company where he had successfully designed several popular models of cars, the most notable of which were the Ford Mustang, Ford Escort, Mercury Cougar and Mercury Marquis. He was a brilliant employee at Ford and had eventually risen to the post of President. However his business ideas were unorthodox and he possessed a brash management style which brought him into conflict with Henry Ford II who fired him. Though shocked at being fired from the company where he had put in three decades of hard work, he was not away for long from the automobile business. Chrysler Corporation which was performing very poorly in the market and suffering huge losses invited him to join them. Ford’s loss proved to be Chrysler’s gain as Iacocca engineered one of the most famous turnarounds in the history of American automobile industry by rescuing the struggling corporation and enabling it to register profits again. He was named the 18th-greatest American CEO of all time by the Portfolio.

Personal Details

Birthday: October 15, 1924 Nationality: American Famous: Princeton University, Business People, Automobile Industry Spouses: Mary McCleary - Peggy Johnson - Darrien Earle Known as: Lido Anthony Iacocca Childrens: Lia Universities: Princeton University Lehigh University - Princeton University - William Allen High School Information Detail Birthday October 15, 1924 Nationality American Famous Princeton University, Business People, Automobile Industry Spouses Mary McCleary - Peggy Johnson - Darrien Earle Known as Lido Anthony Iacocca Childrens Lia Universities Princeton University Lehigh University - Princeton University - William Allen High School Notable Alumnis Princeton University Birth Place Allentown, Pennsylvania, U.S. Religion Roman Catholic Gender Male Father Nicola Iacocca Mother Antonietta Perrotta Net Worth $100 million as of Apr 21,2017 Sun Sign Libra Born in Allentown, Pennsylvania, U.S.

Allentown, Pennsylvania, U.S.

Lee Iacocca born at Unsplash Birth Place

He married Mary McCleary in 1956. They had two daughters. Mary died from diabetes in 1983. Unsplash Personal Life

He married for the second time to Peggy Johnson in 1986 but their marriage was annulled the very next year. Unsplash Personal Life

He married Darrien Earle in 1991 and divorced her three years later. Unsplash Personal Life

Iacocca was born as the son of Nicola Iacocca and Antonietta Perrotta. His parents were Italian immigrants who ran a restaurant. His father was an astute businessman who also owned a theatre and a car rental agency. Lee inherited the love for automobiles from his father and also learned the skills of running businesses. Unsplash Childhood & Early Life

He graduated from the Allentown High School and attended Lehigh University from where he earned a degree in industrial engineering. He won the Wallace Memorial Fellowship to attend Princeton University where his electives were politics and plastics. Unsplash Childhood & Early Life

He could not enlist in the military during the World War II due to health reasons. Unsplash Childhood & Early Life

He joined Ford Motor Company in 1946 as an engineer. However, he soon shifted to the department of sales and marketing where he performed very well. Unsplash Career

He was made the assistant sales manager in the Philadelphia district where he launched the ’56 for 56’ campaign offering loans and down payment options on models of 1956 year cars. The highly successful campaign made him a national hero. Unsplash Career

He was named as the vice-president of Ford’s car and truck group in 1960. He rose to the position of executive vice-president in 1967. Unsplash Career

He played a key role in designing the Ford Mustang which was launched in 1964 and became one of the most successful launches by the Ford Corporation. The Mustang was a sports car with long hoods and short rear decks. Unsplash Career

He directed the design vice-president in modeling the Lincoln Continental Mark III car which was sold from 1969 till 1971 in the U.S. The car was a personal luxury car launched under the Lincoln Mark series by Ford. Unsplash Career

Iacocca, considered as one of America’s greatest CEOs, is best known for rescuing the struggling automobile company Chrysler Corporation from bankruptcy and revitalizing it. Under his direction and guidance the company not only paid off all its debts, but also started earning profits. Unsplash Major Works

Information	Detail
Birthday	October 15, 1924
Nationality	American
Famous	Princeton University, Business People, Automobile Industry
Spouses	Mary McCleary - Peggy Johnson - Darrien Earle
Known as	Lido Anthony Iacocca
Childrens	Lia
Universities	Princeton University Lehigh University - Princeton University - William Allen High School
Notable Alumnis	Princeton University
Birth Place	Allentown, Pennsylvania, U.S.
Religion	Roman Catholic
Gender	Male
Father	Nicola Iacocca
Mother	Antonietta Perrotta
Net Worth	$100 million as of Apr 21,2017
Sun Sign	Libra
Born in	Allentown, Pennsylvania, U.S.

Lee Iacocca

American

Oct 15, 1924

Biography

Personal Details

Allentown, Pennsylvania, U.S.