Can Iacocca Do It Again?

With Chrysler in crisis, the Comeback Kid hopes for an encore

Flying at 30,000 ft. over the frozen flatlands of Ohio, where a winter storm was barreling eastward, the Gulfstream jet shuddered violently. The big man in the comfortable leather seat looked sharply toward the cockpit, as if to ask "What the hell is going on in there?" He has been wearing that expression quite a bit lately, for the man is Chrysler chairman Lee Iacocca, 65, and he has been weathering a storm of his own for the past few months. Even the elegant corporate jet on which he flew last week was symbolic of the crisis. A week earlier Iacocca...

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