The Presidential Daily Brief

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    Legendary Auto Exec Lee Iacocca Dies at 94

    Known for developing the iconic Ford Mustang and pulling Chrysler back from the brink of bankruptcy, Iacocca died yesterday from complications of Parkinson’s disease. The son of Italian immigrants, Iacocca became one of the auto industry’s most influential executives, first as president of Ford then later as chairman and CEO of Chrysler. “Lee was one of few truly great leaders,” said fellow exec Bob Lutz.

    What else was Iacocca known for? The “Father of the Mustang” also appeared as Chrysler’s pitchman in TV commercials and led efforts to restore the Statue of Liberty and New York’s Ellis Island.

    Read OZY’s story about how one small car helped save South Korea.

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