Lee Iacocca(1924-2019)

In 1979 he went to the administration of President Jimmy Carter to seek government loans to bail out Chrysler Corp., something that had never been done for a big company before. He was granted the loans because it was felt that if a major corporation like Chrysler failed, thousands upon thousands of Chrysler employees would lose their jobs and the ripple effect of a company that big closing down could cause possibly hundreds of thousands more job losses (it was also noted that it could be used politically to hammer the Carter administration by the Republicans in the 1980 elections). Lee used the money to develop the K-cars. Many auto enthusiasts believe that the fact that Iacocca could convince the public to buy those poorly made, underpowered and underwhelming cars is a testimony to what a great salesman he really is.

[on action] Action should not be confused with haste.