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" The most successful businessman is the man who holds onto the old just as long as it is good, and grabs the new just as soon as it is better. "
Lee Iacocca
New
Man
Long
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" Start with good people, lay out the rules, communicate with your employees, motivate them and reward them. If you do all those things effectively, you can't miss. "
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" I guess I invented extended warranties, because that's all we had to sell at Chrysler in those days. "
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" We at Chrysler borrow money the old-fashioned way. We pay it back. "
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" Talk to people in their own language. If you do it well, they'll say, 'God, he said exactly what I was thinking.' And when they begin to respect you, they'll follow you to the death. "
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" The only rock I know that stays steady, the only institution I know that works, is the family. "
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" If a guy is over 25 percent jerk, he's in trouble. And Henry was 95 percent. "
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" 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. "
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" You can have brilliant ideas, but if you can't get them across, your ideas won't get you anywhere. "
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Your
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" In times of great stress or adversity, it's always best to keep busy, to plow your anger and your energy into something positive. "
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Adversity
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" It was emotional when Chrysler sold out to the Germans. "
Lee Iacocca
Out
Sold
Chrysler
" There are times when even the best manager is like the little boy with the big dog, waiting to see where the dog wants to go so he can take him there. "
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Manager
Waiting
See
" Trouble shared is trouble halved. "
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Trouble
Wisdom
Shared
" In a corporation, there can only be one guy in the end: the CEO. "
Lee Iacocca
Guy
Only
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" The ability to concentrate and to use time well is everything. "
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Ability
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" 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. "
Lee Iacocca
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Customer
" 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. "
Lee Iacocca
Know
Good
Important
" 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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Late
Long
Start
" I've always found that the speed of the boss is the speed of the team. "
Lee Iacocca
Team
Found
Always
" Decisiveness is the one word that makes a good manager. "
Lee Iacocca
One Word
Good Manager
Good
" Any supervisor worth his salt would rather deal with people who attempt too much than with those who try too little. "
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Salt
Too Much
Try
" 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. "
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Retail
Business
Guy
" 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. "
Lee Iacocca
Achievement
Country
Value
" To succeed today, you have to set priorities, decide what you stand for. "
Lee Iacocca
Stand
Succeed
Today
" 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. "
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Back
" In a completely rational society, the best of us would be teachers and the rest of us would have to settle for something else. "
Lee Iacocca
Society
Best
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" The trick is to make sure you don't die waiting for prosperity to come. "
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Die
Prosperity
Come
" Apply yourself. Get all the education you can, but then, by God, do something. Don't just stand there, make it happen. "
Lee Iacocca
Education
God
Stand
" The greatest discovery of my generation is that human beings can alter their lives by altering their attitudes of mind. "
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Mind
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Human
" In the end, all business operations can be reduced to three words: people, product, and profits. "
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" Management is nothing more than motivating other people. "
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