Tag: spending-cuts

There Are Two Ways To Make Money
Business

There Are Two Ways To Make Money

In 1970, Iacocca was made president of Ford Motor Company ie. head of 432,000 employees with a payroll of $3.5 billion, with over 2.5 million cars and 750,000 trucks produced per year. Overseas production was an additional 1.5 million vehicles. Total sales in 1970 were $14.9 billion with a profit […]