Stay Tuned

My friends tell me with the election looming, I ought to chime in with some thoughts. While I've refrained until now, I'm considering sharing some of my opinions. So stay tuned!

CARROLL SHELBY

May 11, 2012 was a very sad day not only for me personally, but the automotive world and all of Carroll Shelby's family and friends. He was a fixture in the car industry for over 6 decades. Carroll was a great friend and we certainly did some terrific work together. I will miss his tenacity, optimistic nature and incredible talent. Farewell to a legend...until we meet again on the great race track in heaven.

Tribute To Friends

Every year at the Academy Awards a video runs paying tribute to those lost in the field of entertainment. At this time I would like to pay tribute to friends I have lost this year that significantly contributed to the world of the automobile. They include with my sincerest respect: David Davis Jr. Jerry York, Ben Bidwell, Leo Kelmenson and Marge Peterson.

To their families and many friends please accept my heartfelt sympathy.

At this time I would like to also extend my sincerest wishes for a holiday filled with contentment, loving memories and the promise of wonderful things to come.

America The Beautiful

30 years ago when President Reagan asked me to head the restoration of The Statue of Liberty and Ellis Island, I never dreamed I would eventually be an honoree. Last week I was honored with with a wonderful tribute by The Statue of Liberty-Ellis Island Foundation. The other honorees that day included Martina Navratilova, Senator George Mitchell and Joe Torre. I think I can speak for them when I say we were overwhelmed with the sentiments not just about us but for our parents who saw the promise of America. If you would like to hear what we said please go to: http://www.youtube.com/user/statuellisfdn

Rest In Peace

I was sad to hear Elizabeth Edwards lost her courageous battle with cancer. I never had the pleasure of meeting her but wanted to share what I wrote several years ago in my book prior to the last presidential election as I went down the list of possible candidates..."One of the best things about John Edwards is his wife Elizabeth. She's his closest advisor, and pretty much everyone agrees that she's fantastic." My sincerest condolences to her family and all of those who loved her. May she rest in peace.

REMEMBERING A FRIEND

George Steinbrenner passed away this morning. I am sad. I had tried to reach him last week on his birthday (July 4th) which I had done every year for decades only to discover he was unreachable. The general concensus on George was that he was one tough cookie, but I knew a very different George Steinbrenner. He was always there when I needed him. He stood with another good friend Tip O'Neil and gave his support during those dark days when we were working to save Chrysler. Whether it was a Derek Jeter bat for my grandson or joining him to watch his beloved Yankees, George is counted amoung those rare individuals who are true friends. He used to call me "Big Man", but in fact he was the "Big Man". I'll miss you George.

HEALTH

The other day I received a complimentary email from "Martha". She had read the interview in AARP's March issue and noted the photograph of me. Martha wanted to know what my health regime was and felt I should share it with other folks. So, here it is as I enter my 85th year. I work out nearly everyday for about an hour, either with a trainer or by taking a brisk walk. Twice a week I get a massage. I eat three healthy meals a day and I'm known to eat the occasional piece of "See's" or dish of ice cream. I still smoke a cigar everyday (not during Lent, however) and have a "finger" of Dewers each evening. I'm technically retired, but still engage in some business, my foundation and other philanthropy of interest. I throw catch with my dog and try to keep up with my 8 grandchildren. I believe I was blessed with "good" genes, so I intend to continue to do whatever I can to make the most of my life.

Obama's Speech

The Wall Street Journal requested no more than 100 words of my opinion on President Obama's inauguration speech. Here is what was published:

President Obama got it right in his inauguration speech.

He did the one thing I believe is the most important: He asked everyone to join the team in service to the country. He is smart enough to know that the presidency is not a one-man show. It's a team effort, and in this case, the team is millions strong.

A true leader has the humility to understand that when he's at the top, he's standing on the shoulders of the people. We all have our work cut out for us.

Detroit

It's been awhile, I hardly know where to start. There are so many important subjects that we need to address. The other day a good friend, Bob Fria sent me an editorial he wrote that I agree with and is right on the money. Please read:

"Take a hard look at bankrupt company retiree pension costs for the PBGC (Pension Benefit Guarantee Corp.)

General Motors alone has 500,000 retirees on the rolls. Pension costs transferred to the PBGC, by law, would absolutely bankrupt the PBGC coffers, which is already stretched to the limits. The PBGC is funded in full by congress, to absorb B-K company pension obligations. With current liabilities, it will be itself out of funds within a few years. In addition to all the new bankruptcies which will occur under this economy nationwide, the PBGC will be beyond its capabilities next year. Adding auto manufacturer liabilities will become a MAJOR congressional obligation with overwhelming tax payer consequences over several hundred billions of dollars, a cost surely to exceed any investment today in the industry. It is incumbent on the Government not to allow any of the big three to enter bankruptcy, for this reason alone.

I speak from experience. I am a retired United Airlines Captain now receiving severly reduced pension payments from the PBGC after UA entered bankruptcy several years ago. The United problem alone nearly caused insolvency for the PBGC."

Thinking out of the box

Throughout my life I have learned an important lesson, you have to always be looking ahead, learning from the past and thinking out of the box. As most of you know I am passionate about finding a cure for type 1 diabetes. I am pleased to share that we are funding an important project at Massachusetts General Hospital that is actually going to test a potential cure on humans - not mice.

Go to www.iacoccafoundation.org for the news article.

Living off our credit card

The other day I was handed a report from Decision Economics, Inc.
Sinai’s Market Perspectives: The Weakening Dollar and “Next Great Global Currency”, published on March 4th, 2008.*

After reading the report, I think you’ll agree this is the price of not giving a darn and living off our credit card. Real fighting stuff in my opinion.

*This proprietary research article is provided through the generosity of Decision Economics, Inc. and Dr. Allen Sinai, President.

Mr. Schneider Goes To Washington

If you think just showing up to vote in November is going to fix this country, you got another thing coming. Voting (which 50% of Americans usually don't do) can't be the end of our obligation as American citizens.

Recently I saw a fantastic documentary film. The director, Jonathan Neil Schneider left a successful career and spent his savings to expose how our elections are financed and how it can corrupt Washington. "Mr. Schneider Goes to Washington" couldn't be more timely. It is also funny and entertaining. Throughout the film I kept asking myself, "Where is our democracy heading?" "Aren't there any rules anymore?".

Everyone needs to see this film! And to all my friends in the media, if you want to know what Lee Iacocca thinks is wrong with politics, watch "Mr. Schneider Goes to Washington."
(www.MrSchneiderGoesToWashington.com )

And, please take a look at the "revised" 9C's Scorecard! Print it out and pass it around.

Demanding Answers

I’ve been thinking a lot about the Presidential race and the remaining front runners. Last year, Katie Couric asked if we’d come up with some questions, based on my latest book Where Have All The Leaders Gone?, to ask the candidates.

Take a look at the following questions. Do you know any of the candidates’ responses to them?

1. Leaders are not born; they’re made in times of crisis. Name a crisis that you have faced, and talk about how you demonstrated leadership.

2. Name your two primary models for leadership from the past 50 years. These are the individuals you call to mind when you’re faced with a tough decision.

3. The ability to collaborate with those who have different ideas and approaches is a key factor in leadership. Give an example of a time (professionally or politically) when you have successfully collaborated with people who have different views.

4. As a businessman I learned that the best way to fully understand what it means to be responsible is to meet a payroll every week. In your life, when have you had tangible responsibility for the livelihoods of others – and what did the experience teach you about leadership?

5. Being President is not a one person job. The team is just as important. Are you prepared to tell voters who will be on your team so they can make an educated choice? In particular, who are your candidates for Secretary of State, Secretary of Defense and Attorney General? (If you’re not prepared to name them, can you name individuals from recent history who have excelled in those positions?)

6. The United State has one of the lowest voter turnout rates among democratic nations – especially for young single adults. What will you do to encourage young people to vote and participate in government?

7. A leader inspires others to participate fully in the life of democracy. The words of JFK – “Ask not what your country can do for you; ask what you can do for your country” – still resonate. Give a specific example of what you will ask citizens to do, and what sacrifices you will ask them to make.

Maybe if these questions are circulated to millions by email (just like the first chapter of my book), the tough questions will get asked and the candidates will feel obliged to give the American people an answer!

What Is Freedom?

It’s been awhile since my last blog. I took a break over the winter holidays and then “my guy” pulled out of the presidential race. For the time being at least, it’s back to business as usual.

Several weeks ago I received a letter from a boy scout who was working on a project for a citizenship badge. The subject was freedom. He wanted to know my definition. I said the following:

“There are those who never have known freedom and those who were born free but have had their freedom taken away. I am an American and was born free and still have my freedom. I do not have the experience of what it is like to not have freedom.”

We all need to be diligent about our freedom.

Why are we writing checks our grandchildren can't cash?

With the amount of money we've been spending, you'd think we'd have a little more to show for it. Better roads, schools, healthcare, something. Because right now, our national debt is approaching $9 TRILLION dollars. That's a lot of zeroes and it sure as hell is a lot of interest — somewhere in the neighborhood of $400+ billion annually to be exact.

Since George W. Bush has been in office, this shared tab of ours has gone up a staggering $3 trillion (for perspective, the ENTIRE debt never reached $4 trillion when his old man was in charge.) Why is this? Because we've had to pay for little line items like the war in Iraq and tax cuts for the wealthiest 1% of Americans. What gets me though is that of all the issues on the table, all the flubs this guy's made, this one seems to get the least amount of attention. People, he turned a budget surplus into a budget sinkhole. If this was a business, the CEO would have been shown the door a long time ago. And that rapidly accruing interest I just mentioned? It's not being paid to banks in this country. It's going to foreign lenders, like China, Japan and Saudi Arabia.

Contrary to popular belief, this isn't Monopoly money. It's cold, hard cash and the vig is running. Yet we don't seem to give a second thought to what this might mean for future generations. They may very well wake up one day to the realization that they don't own their own country anymore. We'll have gone from the richest nation in the world back to being somebody else’s colony.

So what do we do? Simple. It starts with sacrifice. We cut out programs we don't need. We stop spending money we don't have. We don't back tax cuts we can't afford. We quit putting billions into pork barrel projects. And we start slowly paying down that debt. We've done it before. We can do it again.

Name your team: A challenge to the presidential candidates

Knowing what I do about the importance of a good team, I’m baffled about the way we run presidential campaigns as though they were one man (or one woman) bands. As I consider the ever-growing list of presidential candidates I have to wonder: who are their teams? Doesn’t it strike you as a little bit strange that we don’t demand that a presidential candidate introduce his key players before we vote? Who’s going to be running foreign policy? Defense? The Justice Department? Everyone acts like it’s such a big secret, and that’s a little scary. Can’t they at least give us a hint?

For example, would it make a difference to primary voters if they knew that Rudy Giuliani was planning to make Bernie Kerik Secretary of Defense if he won the White House? How about if Hillary Clinton wanted to bring Madeline Albright out of retirement as Secretary of State? What if John McCain thought Joe Lieberman would make a great Attorney General? These suggestions may seem wild, but who knows? The point is, we don't know. And that's a big problem.

The myth of the solitary hero riding to the rescue is still pretty strong in this country. But if we’ve learned nothing else from George Bush’s presidency, we’ve learned that it matters whom a president surrounds himself with. The key players on his team—Cheney, Rumsfeld, Rice, Gonzalez—have made a huge difference. Some people think they’ve been the most influential gang in White House history. It’s fair to say that without Cheney and Rumsfeld, we probably wouldn’t be in Iraq. Yet back in 2000, when Bush was first running for president, he acted like the Lone Ranger. You may recall that Cheney was actually the guy in charge of vetting Bush’s possible vice presidential candidates. Cheney interviewed them, studied their strengths and weaknesses, and finally presented Bush with his verdict. The best person for the job was... Cheney!

I strongly believe that if the voters are going to make an informed decision about who will be our next president, we need more information about the other players. So here’s my proposal. In the next debate, the candidates should be asked the following: “If elected, who will be your vice president, secretary of state, secretary of defense, and attorney general? And if you haven’t made up your mind, give us the short list for each position.” This should also be asked whenever a candidate appears in public, whenever he or she gives an interview, whenever there’s a discussion about foreign policy or domestic issues.

Being president is a pretty tall order. It’s not a job you can do alone. We have a right to know before we cast our vote for president who’s going to be responsible for actually getting the job done.

Bill Richardson is my guy.

From the beginning, my intention has been to get people actively involved in this election and get them thinking about the candidates for themselves. While that hasn't changed, I've come to the conclusion that this race is too important for me not to publicly endorse the candidate I feel is best qualified for the job of President. And whether I'm examining their priorities, using my 9C's Scorecard or simply listening to my gut, Bill Richardson is the one who always comes out on top.

Richardson's been a successful Governor. He's been a successful CEO. He's demonstrated that he knows how to negotiate with foreign leaders and lead on issues like global warming. Unlike others on the stump, he’s offering bold plans, not just pandering talk. I like his job plan, his health care plan, his energy plan, his education plan and his plan to get us out of Iraq. I also just plain like the guy.

While I believe every citizen should vote their own mind and conscience, I'd encourage you to take a long hard look at Bill Richardson for yourself. With his experience, character and vision, I believe he's the President we need right now.

Who’s got a real idea for immigration reform?

One of the most important topics in this election is illegal immigration. The impact this crisis is having on our national security and economy isn't up for debate. What is up for debate are the "solutions" the politicians are throwing at it. Ever since it's become a hot button issue, I haven't heard anything but a whole lot of hot air. The most absurd plan I've seen is from Republican Presidential candidate Tom Tancredo, who wants to deport all illegal aliens – that's something like 11 million people! Be practical, Tom. And then there's everybody's favorite fallback: the wall.

I don't know whose bright idea this was in the first place, but as far as I'm concerned, it goes against everything this country stands for. America doesn't build walls. We tear them down. Didn't we learn anything from Ronald Reagan?

Walls are built when countries lack the creativity to solve problems head on. I believe the problem of immigration demands a multi-faceted solution. Tightening and beefing up security for one thing. Maybe a national ID program. Maybe working with employers to ensure they hire documented workers. I’m not going to sit here and tell you I have all the answers on this one, but I will tell one thing: the America I know doesn't build walls.

The 9C's of being 83

With today being my 83rd birthday, I thought it'd be a good time to take stock of things with my 9C's of leadership. Hell, wouldn't be fair if I didn't put myself to the test from time to time, too.

1. CURIOSITY
You may think, "Hey, what is there to be curious about when you're 83?" Henry Ford said, "Anyone who stops learning is old, whether they're twenty or eighty." I agree. I don't try to be a know-it-all. I still have a lot of questions. I'm still capable of being surprised. Hey, I'm surprised every day when I wake up and realize that George Bush is still president.

2. CREATIVITY
Which would you prefer-the guy who has a lot of ideas and gets some of them wrong, or the guy who sits like a lump and has no ideas at all? He's never wrong, but so what? I've had a lot of ideas in my life-a few of the real doozies happened in the last ten years. But I'd rather be wrong than be a potted plant. As I've said many times, I flunked retirement.

3. COMMUNICATION
I make it a point to talk to a lot of people on the phone and in person. I talk to my daughters every day. I talk to my grandchildren. I talk to politicians and car guys and business experts and an occasional priest. What I don't do is email. You can keep your emails. They're mostly a waste of time. I read somewhere that the average office worker receives more than 100 emails a day. I figure about a quarter of those are jokes. A quarter are to cover-your-ass. A quarter are people trying to suck you in (also known as spam), and maybe on a good day a quarter are legit. Here's my rule of communication: Pick up the goddamned phone.

4. CHARACTER
I know people have often accused me of being a character. Do I have character? I hope so. Here's the test: When I stand at the pearly gates and St. Peter asks, "Did you leave the world a better place than it was when you got there?" I hope I can say yes, although I'd be the first to admit to Peter, "Mistakes were made." Fortunately, as I grow older I make fewer mistakes. I don't worry so much about avoiding temptation. Temptation has started avoiding me. (Oh, and I hope Peter doesn't blame me for global warming or the performance of the Angels.)

5. COURAGE
When you're 83 you have to consider the difference between courage and just plain crazy. That distinction can be somewhat difficult to make. But I think it takes more courage to do just about everything at 83, because with age comes the diminishment of arrogance. It didn't take much courage for me to write Iacocca in 1984 because I thought I was a pretty big deal. Now I know better, so it took some courage to write Where Have All the Leaders Gone?

6. CONVICTION
You've got to have passion and a fire in your belly. It isn't true that passion belongs to the young. It's got nothing to do with age. As Ben Franklin once observed, many people die when they're twenty-five and they just aren't buried until they're seventy-five.

7. CHARISMA
You know what makes a man charismatic in later life? Optimism. It's what made Reagan so popular. At 83 I try to stay optimistic. My doctor advised me I shouldn't let aging get me down. It's too hard to get back up.

8. COMPETENCE
A lot of people think competence comes with age and experience. That's not necessarily true. Sometimes it's just the opposite. People get the crazy idea that they've earned the right to be incompetent. We see a lot of that in politics today. People get medals for messing up. I guess I come from the old school: If you're going to lead, you should stay away from the cliffs. (And read the manual prior to assembly.)

9. COMMON SENSE
Everyone always encourages me to be careful, be sensible, don't strain myself, don't take on too much. In other words, use my common sense. I'm not a kid anymore. But what is common sense at 83? Maybe it would be staying off the California Screamer, but I'm not so sure about that. I don't think it's bad to shake up the old brain cells every so often. I've always been a great admirer of Norman Vincent Peale, so I guess my basic philosophy boils down to something he said: "Live your life and forget your age."

67 years behind the wheel, and counting...

Well everyone, thought I’d let you know that the old car guy just passed his driver’s test. And with flying colors I might add. Now all I need to do is make sure that flawless driving record stays intact!