Old 04-05-2012 | 04:34 PM
  #43  
AirbornPegasus
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Perhaps one of the greatest businessmen to guide a company through Bankruptcy -- Lee Iacocca set the example for others. Great leaders are remembered by what they did not by how much they made. How will Menke be remembered -- if at all?

"Lee Iacocca set the precedent in 1978, when he was chairman of Chrysler. Realizing the automaker was in dire financial straits, Iacocca fired executives and pushed the United Auto Workers to accept salary and benefit cuts. In an effort to lead by example, Iacocca lowered his own salary to $1 a year. Five years later, with a helping hand from the government, the company was restored to financial health. "
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