Lee Iacocca Fast Facts – CNN

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Mother: Antoinette (Perrotto) Iacocca

Marriages: Darrien (Earle) Iacocca (1991-1995, divorced); Peggy (Johnson) Iacocca (1986-1987, divorced); Mary (McCleary) Iacocca (1956-1983, her death)

Children: with Mary (McCleary) Iacocca: Kathryn and Lia

Education: Lehigh University, B.S., 1945; Princeton University, M.S., 1946

Other Facts:
His parents immigrated to the United States from Italy.

Is credited with saving Chrysler from bankruptcy.

Starred in a series of Chrysler television commercials, making famous the line “If you can find a better car, buy it.”

Serves as chairman of the board of The Iacocca Family Foundation.

Timeline:
1946 Begins working at Ford Motor Company as an engineer.

1970-1978 President of Ford Motor Company.

1978 Is fired as president of Ford by Henry Ford II.

1978 Is hired by Chrysler Corp.

1979 Becomes CEO of Chrysler Corp.

1982-1986 President Ronald Reagan appoints Iacocca chairman of the Statue of Liberty-Ellis Island Centennial Commission, which raises money to restore the Statue of Liberty.

1984 Releases “Iacocca: An Autobiography.”

1984 Establishes The Iacocca Family Foundation, to raise money for diabetes research, after his wife, Mary, passes away due to complications from diabetes. The foundation has funded more than $45 million in research projects.

1992 Retires from Chrysler.

November 1995 Iacocca files a lawsuit against Chrysler, accusing the company of illegally preventing him from exercising his stock options.

December 1995 Chrysler files a lawsuit against Iacocca, claiming he gave confidential information to Kirk Kerkorian, who tried to take over Chrysler.

1996 Iacocca and Chrysler settle their lawsuits against one another.

2007 Releases the book “Where Have All the Leaders Gone?,” co-written with Catherine Whitney.



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