Lee Iacocca's name seems to have been popping up much lately, mostly in an attempt to rehabilitate his image. The quote of his in this article paints a truer picture of who he really is.
Remember Alfred Sloane, co conspirator in the attempt to take over the government in 1933. He's quoted here too.
It's a perfect example of Corporatist mentality.
http://www.newyorker.com/talk/financial/2007/07/23/070723ta_talk_surowieckiFuel for Thought
by James Surowiecki July 23, 2007
In the auto industry, there’s one thing you can always count on: if a new environmental or safety rule is proposed, executives will prophesy disaster. In the nineteen-twenties, Alfred Sloan, the president of General Motors, insisted that the company could not make windshields with safety glass because doing so would harm the bottom line. In the fifties, auto executives told Congress that making seat belts compulsory would slash industry profits. When air bags came along, Lee Iacocca told Richard Nixon that “safety has really killed all our business.” A few years later, when Congress was thinking about requiring fuel-economy standards, auto executives warned that instituting such standards would create “massive financial and unemployment problems.” And now, with Congress debating a bill to raise fuel-economy standards, for the first time in almost twenty years, the Chicken Littles are squawking again, forecasting doom for Detroit and asserting that making higher-mileage vehicles is technologically unfeasible and economically suicidal.
--snip--
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
