Iacocca, Lido Anthony (Lee Iacocca), 1924-, American business executive; b. Allentown, Pa. In 1946 he joined the Ford Motor Company, where he rose to president (1970-78). He left the company after a dispute with Henry Ford II and took over Chrysler (1978), restoring it through shrewd financial policies, a $1.2 billion loan guarantee, and tax concessions granted by Congress. In the 1980s, he also served as chairman of the Statue of Liberty-Ellis Island Foundation and engineered a $1.5 billion deal for Chrysler to buy American Motors. Iacocca retired at the end of 1992. See his autobiography, written with William Novak (1984); Peter Wyden, The Unknown Iacocca (1987).

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