Business: The Animal Handler

Four months after being ousted as president of Ford Motor Co., and six days after he had stunned the auto world by taking the same post at troubled Chrysler Corp., Lee Iacocca, 54, sat down with TIME Correspondents Barrett Seaman and Paul Witteman to muse about his new job and his industry. Iacocca's conversation is pure stream of consciousness, leaping from topic to topic at machine-gun speed; it is also refreshingly blunt and unencumbered by modesty. Excerpts: ON WHY HE CHOSE HIS NEW EMPLOYER: I had many offers to be chief executive of...

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