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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

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They've got about as many lawyers as we have sumo-wrestlers.
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Mistakes are a part of life you can't avoid them. All you can hope is that they won't be too expensive and that you don't make the same mistake twice.
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There's no great mystery to satisfying your customers. Build them a quality product and treat them with respect. It's that simple.
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The affections are like lightning: you cannot tell where they will strike till they have fallen.
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In the great undertakings, there is glory, even in failure.
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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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What is it that you like doing? If you don't like it, get out of it, because you'll be lousy at it. You don't have to stay with a job for the rest of your life, because if you don't like it you'll never be successful in it.
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Business, after all, is nothing more than a bunch of human relationships.
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In a completely rational society, the best of us would aspire to be teachers and the rest of us would have to settle for something less, because passing civilization along from one generation to the next ought to be the highest honor and the highest responsibility anyone could have.
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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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The discipline of writing something down is the first step toward making it happen.
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If your product is great, you yourself do not have to be a great seller.
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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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Listening can make the difference between a mediocre organization and a great one.
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To solve big problems you have to be willing to do unpopular things.
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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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Be creative. Use unconventional thinking. And have the guts to carry it out.
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If you own up to your mistakes, you don't suffer as much. But that's a tough lesson to learn.
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You can have brilliant ideas, but if you can't get them across, your ideas won't get you anywhere.
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Why is our free-enterprise system so strong?- Not because it stands still, frozen in the past, but because it has always adapted to changing realities
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