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<blockquote data-quote="HerefordSire" data-source="post: 665262" data-attributes="member: 4437"><p><em>No hard numbers but look what happened to my buddy Lee....</em></p><p></p><p>Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker's bankruptcy filing two decades later.</p><p></p><p>Chrysler CEO Robert Nardelli told a U.S. bankruptcy court on Thursday that Iacocca's pension would be among the obligations Chrysler will no longer have to pay if it gets bankruptcy court approval to sell itself to a "New Chrysler" to be owned by its union, the U.S. and Canadian governments and Fiat SpA (FIA.MI).</p><p></p><p><a href="http://news.yahoo.com/s/nm/20090529/bs_nm/us_chrysler_iacocca" target="_blank">http://news.yahoo.com/s/nm/20090529/bs_ ... er_iacocca</a></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 665262, member: 4437"] [i]No hard numbers but look what happened to my buddy Lee....[/i] Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker's bankruptcy filing two decades later. Chrysler CEO Robert Nardelli told a U.S. bankruptcy court on Thursday that Iacocca's pension would be among the obligations Chrysler will no longer have to pay if it gets bankruptcy court approval to sell itself to a "New Chrysler" to be owned by its union, the U.S. and Canadian governments and Fiat SpA (FIA.MI). [url=http://news.yahoo.com/s/nm/20090529/bs_nm/us_chrysler_iacocca]http://news.yahoo.com/s/nm/20090529/bs_ ... er_iacocca[/url] [/QUOTE]
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