Economy & Business: After Iacocca

Speculating on a successor

It was a typically high-powered week for the top executives of Ford Motor Co. All but one of them, that is. As managers met twice daily in corporate planning sessions with Chairman Henry Ford II at the company's "glass house" headquarters in Dearborn, Mich., President Lee Iacocca sat alone and unattended in his office, which adjoins the chairman's. He was undergoing the bitter wind-down to his firing by Henry Ford a week earlier, and his colleagues were continuing to speculate on what additional changes could be expected.

Iacocca professed no future plans other than to take a vacation...

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