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An Idea A Day by David Thompson

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LEADERSHIP

BE ACCOUNTABLE

Jonathan Gifford

The idea

When American car giant Chrysler encountered financial difficulties in the 1980s, its recovery was led by Lee Iacocca, who led a drastic programme of restructuring and cost-cutting, selling the company’s loss-making European operation to Peugeot.

He also revitalized Chrysler’s product line and, critically, successfully lobbied the United ...

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