1.TheFamily

Iacocca'sfather,Nicola,arrivedinAmericain1902attheageoftwelve——poor,aloneandscared.HereturnedtoItalytomarryAntoinetteandreturnedtoAmericaasanewAmericancitizen.NicolasawAmericaasthelandoffreedom——thefreedomtobecomeanythingyouwantedtobe,ifyouwanteditbadenoughandwerewillingtoworkforit.

2LeeIacoccawasborn15thOctober1924.Bythattime,hisfatherhadopenedahot-dogrestaurantinAllentown.HedrilledtwoprinciplesintoLee;nevergetintoacapital-intensivebusinessbecausethebankerswillendupowningyou.Andwhentimesgettough,getintoafoodbusinessbecausepeoplewillalwaysneedtoeat.(Leecameveryclosetoactuallystartingafoodfranchisein1952,longbeforeMcDonaldswasagleaminRayKroc'seye.Hedecidedagainstitintheend)。

Hisfatherwaspassionatelyinvolvedinmotorvehicles,andinvestedinaveryearlycarrentalbusinesscalledU-Drive-It.Thissoonbuiltuptoafleetof30cars.BythetimeLeewas15yearsold,hehaddecidedthathisfuturelayintheautomobilebusinessandallhisenergiesweredirectedtowardsthatgoal.

Leecreditshisfatherwithhisinstinctformarketing.Heownedacoupleofmovietheatreswhichwerewidelyknownforspecialoffers.Peoplestilltalkaboutthedayheannouncedthatthetenkidswiththedirtiestfaceswouldbeadmittedfree.

Inthe1920's,theIacoccafamilydidverywell.ThencametheDepression.TheIacocca'ssurvived,butthatwasaboutall.Hisfathergotquiteashockwhenhesawallthemoneyhehadmadelostalmostovernight.Hedid,however,havealotofironsinthe firewhichenabledhimtoweathertheworstoftheDepression.Hehadalwayskepttoaverystrictpolicyofpayingforthingsashewentalong,refusingtoallowanyofthefamilytochargeanythingorevenpossessacreditcard.Heinsistedonhischildrenpayingbackanymoneytheyborrowedfromanyoneelse.

Someofhisfathersfavoritesayingsincluded:

■"You'vegottoacceptalittlesorrowinlife.You'llneverreallyknowwhathappinessisunlessyouhavesomethingtocompareitto."

■"Whywalkwhenyoucanrun?"

■"Ifhe'sbiggerthanyouare,don'tfightback.Useyourheadinsteadofyourfists."

LeeIacocca'sfatherdiedofleukemiain1973.