Lee Iacocca

Lee Iacocca (1924–2019) was an American automobile executive who served as president of Ford Motor Company and later as CEO of Chrysler Corporation. He is best known for leading Chrysler’s turnaround in the late 1970s and early 1980s, securing federal loan guarantees and restoring the company’s profitability.

Quotes by Lee Iacocca

Quotes: 1

Even a correct decision is wrong when it was taken too late. — Lee Iacocca

The Critical Importance of Timely Decision-Making

Ultimately, effective leadership blends urgency with prudence. While hasty, ill-considered actions can be damaging, Iacocca’s wisdom reminds us that hesitation carries its own penalties. The art lies in finding that pivotal moment—moving decisively when it matters most, thereby transforming correct intentions into impactful results. [...]

Created on: 8/9/2025