Business: Changeover Time at Chrysler

The ex-Ford men will now try to manage the bankruptcy threat

Like an auto company showing off its new cars, the beleaguered Chrysler Corp. last week unveiled its shining new 1980 model management. Lee Iacocca, 54, the razzmatazz marketing whiz and former Ford president who joined Chrysler only last November, was elected chairman to replace John Riccardo, 55, who surprisingly retired, citing as a cause his recent heart trouble. Joining Iacocca at the top were several cronies from his 32 years at Ford. J. Paul Bergmoser, 63, former purchasing vice president at Ford, takes over as president; the new executive...

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