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All Quotes by author - Lee Iacocca

" A guy named Charlie Beacham was my first mentor at Ford. He taught me the importance of the dealers, and he rubbed my nose in the retail business. "

" Any supervisor worth his salt would rather deal with people who attempt too much than with those who try too little. "

" Apply yourself. Get all the education you can, but then, by God, do something. Don't just stand there, make it happen. "

" Chrysler builds great cars. "

" Chrysler invented rebates, I'm sorry to say. I didn't have anything to do with that. A lot of flaky deals were made in order to give the customer enough cash for a down payment. "

" Decisiveness is the one word that makes a good manager. "

" Every business and every product has risks. You can't get around it. "

" I always go back to Harry Truman: Should we drop an atomic bomb to save 100,000 lives? That's a hell of a decision to make. Did he make that decision by himself? No, he had advisers. "

" If a guy is over 25 percent jerk, he's in trouble. And Henry was 95 percent. "

" I forgot to shake hands and be friendly. It was an important lesson about leadership. "

" If you want to make good use of your time, you've got to know what's most important and then give it all you've got. "

" I guess I invented extended warranties, because that's all we had to sell at Chrysler in those days. "

" I guess that's one achievement I'm really proud of. Saving Chrysler was more than jobs, more than shareholder value. Saving Chrysler was a good idea for the whole country. "

" I have always found that if I move with seventy-five percent or more of the facts that I usually never regret it. It's the guys who wait to have everything perfect that drive you crazy. "

" I have found that being honest is the best technique I can use. Right up front, tell people what you're trying to accomplish and what you're willing to sacrifice to accomplish it. "

" I hire people brighter than me and then I get out of their way. "

" In a completely rational society, the best of us would be teachers and the rest of us would have to settle for something else. "

" In a corporation, there can only be one guy in the end: the CEO. "

" In the end, all business operations can be reduced to three words: people, product, and profits. "

" In times of great stress or adversity, it's always best to keep busy, to plow your anger and your energy into something positive. "

" It was emotional when Chrysler sold out to the Germans. "

" I've always found that the speed of the boss is the speed of the team. "

" I was at Ford for 32 years. I went to Chrysler in 1978, four or five months after I got canned by Henry Ford. "

" Management is nothing more than motivating other people. "

" Motivation is everything. You can do the work of two people, but you can't be two people. Instead, you have to inspire the next guy down the line and get him to inspire his people. "

" My father always used to say that when you die, if you've got five real friends, then you've had a great life. "

" No matter what you've done for yourself or for humanity, if you can't look back on having given love and attention to your own family, what have you really accomplished? "

" One of the things the government can't do is run anything. The only things our government runs are the post office and the railroads, and both of them are bankrupt. "

" People want economy and they will pay any price to get it. "

" So what do we do? Anything. Something. So long as we just don't sit there. If we screw it up, start over. Try something else. If we wait until we've satisfied all the uncertainties, it may be too late. "

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