A bruising battle ends with the dramatic firing of an industry titan
Power struggles are nothing new at Ford Motor Co., but the one that climaxed last week was a stunner. After weeks of futile maneuvering to save his job, Lee lacocca, 53, the harddriving, cigar-chomping president of the world's fourth largest manufacturing company, found himself quite bluntly sacked by his equally tough-minded boss, Chairman Henry Ford II. It was the culmination of months of behind-the-scenes quarreling between two of the auto industry's most respected—and often feared—executives. The end came for lacocca following...
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