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Iacocca losing pension, car in Chrysler bankruptcy
Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the US automaker's bankruptcy filing two decades later. Chrysler CEO Robert Nardelli told a US bankruptcy court on...
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- News Source: MSN Money | 5 months agoThe man credited with saving Chrysler the first time around now must buy his once-free cars or give them back by Sunday. Lee Iacocca, now 84, led a Chrysler turnaround in the 1980s that hinged on the federal guarantee of $1.5 billion in loans,...
- News Source: Uinta County News | 5 months agoMan, I bet Chrysler wishes Iacocca had been at the helm the last few years. He pulled them from the brink of disaster back in the 80’s and stood the best chance for a repeat performance. Turd Fergusen May 29th, 2009 11:03 am Thats too bad.
- News Source: The Guardian | 5 months agoLee Iacocca, the legendary former chief executive of Chrysler , has lost his company car and a slice of his pension as part of the process of restructuring the ailing US carmaker . Despite saving Chrysler from collapse almost three decades ago,...
- News Source: BDNews24 | 5 months agoLee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the US automaker's bankruptcy filing two decades later. Chrysler CEO Robert...
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