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Greenmail, in case you're wondering, is when a company pays a raider a premium for his holdings-if he'll go away. What I think it really is is blackmail in a pin-striped suit.

Lee Iacocca

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Lee Iacocca
Age: 94 †
Born: 1924
Born: October 15
Died: 2019
Died: July 2
Autobiographer
Businessman
Businessperson
Diarist
Allentown
Pennsylvania
Lido Anthony Iacocca
Thinking
Case
Raiders
Pay
Blackmail
Cases
Premium
Wonder
Pins
Company
Wondering
Away
Pays
Raider
Really
Suit
Holdings
Think
Suits
Striped

More quotes by Lee Iacocca

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I have found that being honest is the best technique I can use. Right up front, tell people what you're trying to accomplish and what you're willing to sacrifice to accomplish it.
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The affections are like lightning: you cannot tell where they will strike till they have fallen.
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I'm sometimes described as a flamboyant leader and a hip-shooter, a fly-by-the-seat-of-the-pants operator. But if that were true, I could never have been successful in this business.
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Life can be difficult for kids born with a gold spoon in their mouth, because they never really get to find out if they're able to work hard and make it on their own.
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I'd really love to meet the guy I'm supposed to be. I'd hire him in a second.
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I only wish I could find an institute that teaches people how to listen. Business people need to listen at least as much as they need to talk. Too many people fail to realize that real communication goes in both directions.
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When the product is right, you don't have to be a great marketer.
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A country's competitiveness starts not on the factory floor or in the engineering lab. It starts in the classroom.
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The most successful businessman is the man who holds onto the old just as long as it is good, and grabs the new just as soon as it is better.
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The one word that makes a good manager - decisiveness.
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If we wait until we've satisfied all the uncertainties, it may be too late.
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Every business and every product has risks. You can't get around it.
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Every little kid wants to grow up to be a cowboy, and I did.
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Talk to people in their own language. If you do it well, they'll say,God, he said exactly what I was thinking. And when they begin to respect you, they'll follow you to the death.
Lee Iacocca
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There's a world of difference between a strong ego, which is essential, and a large ego-which can be destructive.
Lee Iacocca
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The only rock I know that stays steady, the only institution I know that works, is the family.
Lee Iacocca
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I'm still not sure what is meant by good fortune and success. I know fame and power are for the birds. But then life suddenly comes into focus for me. And, ah, there stand my kids.
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I was good friends with Frank Sinatra, I heard Steve Kaufman painting his portrait, so I asked Steve to paint my portrait.
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I always go back to Harry Truman: Should we drop an atomic bomb to save 100,000 lives? That's a hell of a decision to make. Did he make that decision by himself? No, he had advisers.
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In business, I loved cars. I couldn't wait to get to work in the morning. Only in America can you decide to get a good education and pursue what you like.
Lee Iacocca