Getting your player ready...
Former Chrysler chief executive Lee Iacocca has some advice for the people who are running his old company and those who will lead the new General Motors: Get the government out of your business as soon as possible.
Iacocca, a slick pitchman who became an American hero in the early 1980s when he used more than $1 billion in government loan guarantees to rescue the nearly defunct Chrysler, said government intervention was strong motivation to repay the loan early.
“They’re on you day and night. Their oversight is just too extreme,” he said. “The bureaucracy kills you.” The Associated Press
