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100 More Great Leadership Ideas by Jonathan Gifford

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KEEP MANAGEMENT SLIM

 

The idea

Lee Iacocca saved the struggling U.S. automobile manufacturer Chrysler in the late 1970s and early 1980s by means of a stringent restructuring programme and by lobbying the U.S. government to underwrite loans that the company could not raise on the open market. Iacocca’s programme turned the company around from a $1.1 billion loss in 1979 to an $800 million profit in 1983. ...

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