Quote by Lee Iacocca

We at Chrysler borrow money the old-fashioned way. We pay it back.

We at Chrysler borrow money the old-fashioned way. We pay it

Summary

This quote by Lee Iacocca, former CEO of Chrysler, highlights the company's responsible approach towards borrowing and financial management. It emphasizes Chrysler's commitment to repaying borrowed funds in a timely manner, reflecting a conservative and trustworthy business practice. By stating that they "pay it back," the quote seeks to assure stakeholders that Chrysler follows a conventional, reliable approach to debt, which helps maintain the company's financial stability and credibility.

Topics

Money Finance

By Lee Iacocca

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