Options Wonderland

[samaelrocks]

Now they're talking. Lee Iacocca worked for a dollar when turning Chrysler around back in the day.

"At first, being hired to head up Chrysler seemed like going from the frying pan into the fire. This venerable company was on the verge of bankruptcy, and I had some tough decisions to make. To save the company, I had to lay off some workers, sell off our European division and close several plants. And of course, I had to secure the now famous loan we received from Congress-which I paid back early with interest.

Once Chrysler was solvent, our next step was to seriously rethink the market. We realized that there was a simultaneous need for two very different types of vehicles. The first was a more fuel-efficient, "compact" vehicle (the country was in the midst of a serious fuel crisis). The second was a concept vehicle that inspired me to bring over my old friend Hal Sperlich from Ford. Together, we spearheaded development of a prototype we'd initially kicked the tires on at Ford - the minivan. The minivan was a phenomenal success, and a precursor to the SUV."

http://www.leeiacocca.net/my-life/index.aspx

Somehow, he figured it out without the government then.

People like him are far and few between, thus generally don't show up in front of congress asking for a bailout.