Apr 16, 2007
Kirk Kerkorian made another offer to buy Chrysler, for 4.5 billion dollars. He has the support of Lee Iacocca, according to Kerkorian’s lawyers.
These two stand to make a lot of money, whether the deal goes through or not.
Iacocca made a lot of money pushing concessions through Chrysler in the 1980s. He made over 38 million dollars for 1986 and 1987 alone including his salary, bonuses, dividends and stock options.
Iacocca was asked at the time about his enormous compensation when the company was supposedly going through tough times and he said, “That’s the American way. If little kids don’t aspire to make money like I did, what the hell good is this country. You gotta give them a role model.” A role model as a cheat, thief and liar!
Role model Iacocca teamed up with Kerkorian to buy Chrysler in 1995. That offer was rejected, but Kerkorian made 2.7 billion dollars from his investment. No one even knows what Iacocca pocketed.
Now these vultures are circling for a third time. Time to send these “role models” where they belong – to a deep, dark prison!