A Quote by Carol Loomis
In 1980, aided by $1.5 billion in loan guarantees from the U.S. government and his own pitchman routines on television, Lee Iacocca brought Chrysler back from the abyss.
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Real leaders like Lee Iacocca see vast possibilities and sell their dreams to their companies, their employees, their funding sources, their government and their buying public.
If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that.
As far as I'm concerned, the first business leader who was able to establish a cult of personality around his tenure was Lee Iacocca.
A hunter that is worth his salt does not catch game because he sets his traps, or because he knows the hunting routines of his prey, but because he himself has no routines. This is his advantage. He is not at all like the animals he is after, fixed by heavy routines and predictable quirks; he is free, fluid, unpredictable
Lee Iacocca, who said to Dolly Parton, Why do you need an airbag? Never got a dinner!
To make sure we aren't training people for jobs that don't exist, the government should provide companies with loans or loan guarantees. And the government should also directly employ people to do things like coastal restoration, land restoration, reforestation and similar programs that absorb carbon and protect America's beauty.
In 1964, when Lee Iacocca said, 'Shelby, I want you to make a sports car out of the Mustang,' the first thing I said was, 'Lee, you can't make a race horse out of a mule. I don't want to do it.' He said, 'I didn't ask you to make it; you work for me.'
Government should show the list of farmers, who have got benefitted from loan waiver. Farmers' loan of Rs 39 lakh crore was waived off. So, why is government hiding their names?
Subsidies and mandates are just two of the privileges that government can bestow on politically connected friends. Others include grants, loans, tax credits, favorable regulations, bailouts, loan guarantees, targeted tax breaks and no-bid contracts.
Man looks in the abyss, there's nothing staring back at him. At that moment, man finds his character. And that is what keeps him out of the abyss.
You can have brilliant ideas, but if you can't get them across, your ideas won't get you anywhere. Lee Iacocca
Love is the irresistible desire to be irresistibly desired.
If your appraisal comes back too low - you don't have at least 10% equity for a conforming loan or 20% for a jumbo loan - you might not be able to refinance at all, at least with a loan that's packaged and sold to Fannie Mae and Freddie Mac. That means you may have to pay a much higher rate.
If you stare into the Abyss long enough the Abyss stares back at you.
I really miss having a routine because now I've been on the road constantly for several months. I like routines, so it would be nice to get those routines back.
The demand of our people in 1980 is not for smaller government or bigger government but for better government.
The best advice I ever got was from Lee Iacocca.... It was get into a business where you can be a big fish, not the little fish. Get into a business where you can be a change agent, where you can make a difference.
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