Chapters 10-11 Summary and Analysis

Iacocca says that Henry's plan to unseat Iacocca began in 1975. When Iacocca returned from a trip to the Middle East, he learned that Henry had ordered a two billion dollar reduction in future product programs because of his fear of the OPEC situation. He waited until Lee was out of the country to do it.Then there was a bribe attempt of an Indonesian general which resulted in a cover-up operation at the company. Henry had given the okay for the bribe and then had to cancel it. In addition, the company experienced losses in 1974's fourth quarter. The losses continued into the next year, and Henry called a meeting and announced that management was doing everything wrong.

Iacocca's secretary, Betty Martin, told him that the items on his desk were rearranged from the way she left them at...