Former Ford president and Chrysler chairman Lee Iacocca discusses the “sad state of leadership” in the United States today — and within the American auto industry — in a book titled “Where Have All the Leaders Gone?”
Iacocca is highly critical of the merger between Daimler-Benz and Chrysler, which he feels has lead to Chrysler’s troubled position today.
“I’ll always believe that if I hadn’t chosen Bob Eaton to succeed me as chief executive at Chrysler, it would still be a strong, profitable, American car company,” Iacocca writes. He blames Eaton and Juergen Schrempp, the former head of Daimler-Benz for the ill-conceived marriage.
Iacocca describes the moment he found out about the merger in 1998 as “the lowest low” of his life. “I gave 15 years of my life to saving that company and now I wondered if it was worth it.”
On the other hand, he has concerns about the possible sale of Chrysler. If the company “is kicked to the curb, it will be as a shattered remnant of the great American car company it once was.”
Iacocca’s criticisms go beyond the auto industry, with harsh critiques of today’s politicians and their lack of leadership.
“We’ve got a gang of clueless bozos steering our ship of state right over a cliff, we’ve got corporate gangsters stealing us blind, and we can’t even clean up after a hurricane much less build a hybrid car,” Iacocca writes.



04/12, 1:21 PM
posted by:
Piablo
Amen. The so called leaders have been replaced by the political self-interested who could care less about ethical considerations as long as their decisions net themselves a bigger check.
04/12, 1:23 PM
posted by:
renzogtr
AMEN he is so right…
04/12, 1:24 PM
posted by:
roadmaster96
Most of today’s leaders are baby boomers. One of the worst generations this nation has ever produced. They all saw themselves as rebels against everything that the previous Nazi beating depression surviving greatest generation stood for. Ask any third world citizen and they’ll tell you that former rebels and people who view themselves as current rebels make bad leaders.
04/12, 1:50 PM
posted by:
Madcapp
I’m going to have to agree that the baby boomer generation is a bunch of sorry asses.
04/12, 2:00 PM
posted by:
gbb
Lee should have called them by name and number…..Clueless BOZO #1 = Al Gore
04/12, 2:31 PM
posted by:
illwill
Amen! I’m buying his book!
04/12, 2:35 PM
posted by:
suthuna
Both political camps are “bozo’s.” Bipartisanship is the problem, and in my opinion anyone choosing sides, these particular sides, is grasping at straws. Neither party works, or has worked, for quite a while now. They are different sides of the same coin.
04/12, 2:57 PM
posted by:
whoopee
gee, lee’s libertarian streak wasn’t as pronounced as when he went to the feds, hat in hand, begging for a bailout
04/12, 3:03 PM
posted by:
rey323
Don’t forget social security. How many do you think you’ll see a cent of what you put in when its your time to retire?
04/12, 3:39 PM
posted by:
Veda
“If the company “is kicked to the curb, it will be as a shattered remnant of the great American car company it once was.”"
Given the short history of US, history means nothing. Outside US no one cares about Chrysler. A good American company needs to think only for survival and profit. That’s the true American way.
04/12, 3:46 PM
posted by:
CTS DRIVER
YEAH THE SAME HIPPIES THAT PROTESTED VIETNAM VOTED FOR A WAR IN IRAQ, NOW THEY SAY THEY VOTED FOR IT BEFORE THEY VOTED AGAINST IT. GEORGE BUSH MIGHT BE AN IDIOT, BUT HE AT LEAST STANDS FIRM FOR HIS WRONG IDEAS, THATS MORE RESPECTABLE THAN FLIP FLOPPING EVERY 15 SECONDS. I HAVE NO CLUE WHAT THE DEMOCRATS IN THIS COUNTRY STAND FOR AT ALL. THE REPUBLICANS INFIGHT TOO MUCH WITH EACH OTHER. THE GREEN PARTY IS THE IDIOT PARTY. AND INDEPENDANTS CANT FIND A BILLOINARE WORTH RUNNING. AND NOW LEE THE MAN WHO BEGGED THE GOVERNMENT TO SAVE HIS COMPANY HAS ROOM TO CRITICIZE.
04/12, 3:55 PM
posted by:
roadmaster96
I live in Pittsburgh and on my way home I saw a beige Zastava Yugo and a silver Noble within 2 minutes of each other. My life is now complete. Wish the battery on my camera phone didn’t just die during the morning. .
04/12, 4:30 PM
posted by:
Impulsive
… “gbbb”, clueless bozo #2.
04/12, 5:06 PM
posted by:
Egbert Souse
CTS DRIVER, do you have any idea what you’re talking about? The hippies that protested the Vietnam war voted AGAINST the Iraqi war. The only person that did want to go to war was Bush, he wanted revenge after what happened to his father. End of story. Then you call the Green Party idiots… for what? For being concerned about our planet?? Let me ask you something what state do you live in, if its anywhere in the South then that would explain a lot.
04/12, 5:36 PM
posted by:
F451
Hasn’t Iacocca been arrested yet?
04/12, 6:33 PM
posted by:
lotusfire
hahaha, nice.
04/12, 10:16 PM
posted by:
Impulsive
No, let’s read 100 posts about global warming instead of Iaccoca and Chrysler. Then we can talk about the colour of everyone’s poo.
04/12, 10:43 PM
posted by:
V-series
Bush didn’t want revenge at all, he wanted to take out Saddam because of the weapons Saddam had in Iraq and because of the horrible torture Saddam was putting his people through. Unfornately, they moved the weapons out of Iraq to surrounding countries and Bush got blamed for not finding the weapons.
04/12, 11:37 PM
posted by:
Egbert Souse
Hahahaha the CTS is a POS!
http://videos.streetfire.net/toprated/1/2421093d-d063-4ea5-89b3-98a500aa04d9.htm
classic
04/13, 12:46 AM
posted by:
Blakkarr
Fascinating, am I supposed to deduce that all CTSs are junk are that this chump managed to get that rotten apple and just managed to to upload his whine-fest. For the love of pete, if this were a real problem for the line I think we’d have heard of it in the News.
Classic, moron online.
04/13, 2:10 AM
posted by:
peter g
Maybe I didn’t quite understand, but it seems to me that good ol’ Lee’s trying to put the blame on everybody else than Lee Iacocca? He’s right on the bad leadership issue, but I think he ought to take a critical look on himself. The times have changed since the eighties, Lee Iacocca hasn’t. He’s only become older. That said, I deeply share his concerns for american automotive industry.
04/13, 7:30 AM
posted by:
6ix
V-series, you must be kidding. Only the most naive person would believe that Iraq really had any WMD’s. heck, before Bush stepped up, nobody even knew what WMD even stood for. And torturing his own people? Heck, we came in (well, Bush came stomping in) and has killed many more Iraqis than Saddam did. The weapons didn’t exist. Bush will go down in history as the President/dictator that used a corrupt government to get his way, and his way is helping out his constituents and getting revenge.
04/13, 7:55 AM
posted by:
Fletch
6ix, don’t throw stones in a glass house, calling other people naive after the diarrhea you just wrote… Saddam gased tens of thousands of his own people, sounds like a WMD to me. Agree with him or disagree, Bush is an “elected” official (twice by the way), not a dictator.
Back to topic. Chrysler’s product line is weak. Perhaps the bright spot in the car line, the 300, will get a lot more competition very soon, which won’t help matters for them.
04/13, 8:10 AM
posted by:
PrimeGTP
Agreed with Fletch, the 300/Charger is no longer a safe bet for Chrysler. The 300C and Charger R/T models are half a year from being completely blown away in price, performance, and style by the Pontiac G8 GT, with GM also likely to go after the SRT-8 models with a GXP trim in the future. And God help them if Ford builds the Lincoln MKR.
04/13, 9:41 AM
posted by:
CTS DRIVER
sorry egbert you need to try harder than that to offend me, i saw this video a long time ago and it doesnt mean a thing. glad to see youre so offended you need to try and laugh at my car, man i feel sorry for you using such childish tactics, poor poor pointed headed egbert.
the biggest problem with the green party is i guess people like you, insane fanatics that resort to little baby tactics. sorry to offend you and the elf members, shouldny you go put a steel spike in a tree to hurt a lumberjack, how about burning a hummer dealer, or putting poison dogfood in hunting areas.
Anyways lee saved chrysler by using politics and mabey he should consider working with kerkorian, lee does know cars better than anybody and with a good financeer they can improve some of chryslers line up. they have a really good dodge lineup (hate the nitro),jeep always rocks, so some focus on chrysler cars should keep them alive.
04/13, 9:43 AM
posted by:
gbb
Pontiac compete with the Chrysler 300???????? NFW. GM has canned the new RWD platform except for MAYBE the Camaro. Dollar for dollar, car for car, I’ll match my 300/SRT8 against any 4 door sedan out there. To get equal size, quality, performance and RWD, you gotta spend twice as much and get a Benz/BMW/Audi. The Asian stuff in the price range are nothing more than crappy little beaters made for morons.
04/13, 9:48 AM
posted by:
CTS DRIVER
egbert, there are gallardos on fire in streetfire too and that dont mean they are a pos, so take that, little fella.:)
04/13, 9:50 AM
posted by:
CTS DRIVER
ggb, i fully agree the srt line is a bargain for the performance offered, the 300c srt8 is thousands less than a cts-v.
04/13, 11:38 AM
posted by:
Get Real
Iacocca brought shame to Chrysler in the mid 80’s and early 90’s with his pathetic quality cars.
Chrysler almost DIED again in the early 90’s but the LHS cars saved their bacon. And that bacon turned into a pile of excrement with the quality of THOSE cars.
Don’t call him a saviour. He’s in it for he bottom line like everyone else, and screw the customer.
04/13, 12:35 PM
posted by:
gbb
CTS…..When buying the 300, I really wanted a CTS-V but the wife was not into shifting gears. Pity too, those Caddy’s are sweet cars!
04/13, 12:55 PM
posted by:
Jason
I like the carlounge.net’s commentary on Lee much better:
“Iacocca Calls Kettle Black, Rips Auto Industry for Not Innovating
There are times when the irony of an event is so complete, so all-encompassing, so thick that it’s viscous and makes breathing difficult.
This is one of those times.
Lee Iacocca is a man whose two most famous accomplishments were platform-engineered rebodies. The man who was directly responsible for Chrysler blowing wads of cash on Automobili Lamborghini and Gulfstream; dumping the AirTemp HVAC division; building an entire lineup of cars, trucks and vans off a seventeen-year-old K-car platform; having no fewer than four distinct cars called LeBaron on sale in a single year; trying to underhandedly sell Chrysler off to Ford and Fiat in the early ’90s; and whose leadership style was to declare during an emergency meeting in 1989, during the four-speed transmission debacle, “I’m going to take a piss. When I get back, someone’s going to have the job of fixing it.” That Lee Iacocca has, in a new book, just declared the leadership of our carmakers incompetent and has ripped into the industry for not being able to “clean up after a hurricane much less build a hybrid car.”
Not content sticking to commercials with Snoop Dogg, Lido further continues, “As I write this, Chrysler is announcing huge layoffs, and there are rumors that Daimler is looking for a way to unload their American partner — maybe to China. Please, God, tell me this is a cruel joke.” Yet Iacocca had no qualms about buying American Motors, surgically extracting the Jeep brand and throwing the remnants, including the dealer body and assembly plants, in the trash.
It doesn’t stop there. The first twenty pages of his book criticize the executive branch for leading via faith and gut feelings, but is mum on the seemingly incomprehensible decisions made with Iacocca’s profligate power at Chrysler: The Chrysler’s TC by Maserati. The K-Car Limousine. The landau roofs, opera lights, trailing beam axles and underpowered pushrod V6s that were declared “just peachy” by chief executive fiat. Decisions so ungrounded in reality and marketplace demand that, following Iacocca’s departure from Chrysler in 1992, the company was in perilous financial straits so thoroughly that its new “LH” platform cars were said to mean “Last Hope.”
04/13, 1:43 PM
posted by:
buenos
Actually Iacocca’s comments aren’t all that much different than the usual postings on here, just with greater language skills.
04/13, 2:23 PM
posted by:
Piablo
Egbert Souse, if you don’t care for George Dubya that much, who would you rather have had in the White House? Al Gore, John Kerry, or Ralph Nader? And do you seriously believe the Iraq war is simply for vengeance?
04/13, 2:29 PM
posted by:
CTS DRIVER
gwb^^^^^
04/13, 3:01 PM
posted by:
Sport
I have to concur that the baby boomers were a generation of fools. What they have been sowing for the last forty years or so we are now reaping and the ****e is about to really hit the fan.
04/13, 4:46 PM
posted by:
Egbert Souse
cts driver, i found it hilarious that you took the time to type all of that to a dude on the internet named egbert souse. and ive driven a cts and it feels like crap, the gearbox at least and all of that plastic, no thanks. theres some nice stuff about it, but i just cant spend my hard earned dollars on a crappy car.
piablo, anybody but bush, lets not forget who won the popular vote.
04/13, 5:34 PM
posted by:
CTS DRIVER
i really dont give a crap what you or anybody thinks about it, i never said it was flawless but when i couldnt find the deal i wanted on the 525 i took 3 things into consideration.
#1. the engine and gearbox(5 speed getrag) on mine are german gesigned
#2. the engine was assembled by excellent workers in england
#3. the chassis was fine tuned on a german racetrack.
here are 3 things that are cons
#1. a lot of plastic(center stack lower dash panels and center console)
#2. has a useless glove box(only the manual and traffic tickets fit)
#3. steering wheel could be a little smaller.
things i like.
#1. the most beautiful shade of pearl i have ever seen.
#2. looks good(to me, looks are subjective)
#3. it is just as fast as my girls 525 running on 87 octane, so gas is cheaper.
#4. insurance is cheaper.
#5. it seems to piss you off.
#6. onstar is great
#7. i paid $13,000 cash for it with less than 20,000 miles, i now have 97,326 on it with no shop time.
its not the perfect car by anymeans but it sure was a great deal.i bought a couple motorcycles and took a vacation with all of the other 20 grand i was willing to spend.
man dude I cant believe you still have your feathers ruffled like an angry rooster. a car to me is just transportation for a couple years so bash it all you want i dont care…its just a car.
save your time it dont bother me, and i deliberately chose the name based upon how many people here hate it.
by the way i like theese conversations with all you guys/girls/whiney crybabies. None of my friends are enthusiasts and dont know crap about cars, whereas lln users do and make great conversationalists. i love it its been great.
04/13, 10:56 PM
posted by:
Egbert Souse
Getrag makes some crappy trannies, ever driven a Mini Cooper? Terrible tranny. And doesnt the STS compete with the 5 series?
04/15, 7:47 PM
posted by:
ArchAngel
maybe she just like short-throws.
*sigh* I should have stayed out of it.
entirely inappropriate.
god, but that one was wide open.
04/16, 1:27 PM
posted by:
CTS DRIVER
egbert Nope never drove a mini but hear they`re lots of fun, and the sts never did much for me, too bulky, wanted something a little sportier.
still want a 525 but for now i will just take the one sitting in my driveway, hers is black and i eventually want a white one. i would say its closer to a 525i than a 325i(which is a nice car)all being 2003 models.
525i
Horsepower- 215 hp
Torque – 185 lb-ft
Weight
Manual Transmission – 3428 lbs
cts
horsepower-220 hp
torque-220lb-ft
weight
manual transmission – 3568 lb