Lee Iacocca's Education Background
Lee Iacocca is the former CEO of Chrysler. He is an Italian American whose parents moved to the USA from Italy. EDUinReview will now take a look at his education background.
Iacocca was born on October 15, 1924 in Allentown, Pennsylvania. His parents owned a restaurant, Yocco’s Hot Dogs, in Pennsylvania’s steel making belt. His full name is Lido Anthony, an unusual name that is rumored to be because he was conceived during his parents’ honeymoon in Venice in Lido. However, Iacocca does not support this rumor.
Iacocca graduated from Allentown High School in 1942. After high school, he attended Lehigh University, where he earned his degree in industrial engineering. In high school, he was a member of the Tau Beta Pi fraternity and the engineering honor society.
After earning his bachelor’s degree, he won the Wallace Memorial Fellowship, which allowed him to attend Princeton University. While at Princeton University, he took some elective classes in politics and plastics.
After he concluded his studies at Princeton, he went to work for Ford Motor Company as an engineer in 1946. He soon realized that he did not want to continue a career as an engineer, but instead would prefer a career in the sales and marketing part of the business. He stayed with the company for more than 30 years, but after he had a clash with Henry Ford in 1978, he lost his job.
Soon after finding himself unemployed, he joined the Chrysler Corporation. Chrysler was having difficulties at the time and was in need of new leadership and direction, two things that Iacocca was more than willing to provide. This new position required Iacocca to make some difficult decisions, such as laying off employees and borrowing from the government. However, these new ideas ended up paying off for Iacocca. His creation of the inexpensive K-car and the minivan launched the company from disrepair to complete success in the automotive world.
In 1983, Iacocca lost his wife of almost 30 years to complications from diabetes. The couple had two daughters, Kathryn and Lia. Since even before his wife’s death, Iacocca has been a supporter of diabetes research for many years. Iacocca has married twice since the loss of his first wife, but neither marriage were long-lived.