I would like to comment on your article "Target: Chrysler" (American News, Apr. 24). Finally, your writers and editors have come to the realization, long understood in the auto industry, that Lee Iacocca has never had Chrysler Corp., its stockholders, or employees as his central interest.
The truth is that Iacocca was not the genius behind the Ford Mustang. His contribution to Ford was the Pinto and Maverick and an attempted coup against Henry Ford II that cost him his job there. At Chrysler, he marketed the company in the 1990s quite successfully, but he had, in the end, to be forced into retirement by the board. It was Robert Eaton and Robert Lutz who managed to turn Chrysler into a world-class auto producer with some of the most innovative products on the road in its lineup.
For the customers, suppliers, and employees of Chrysler, a successful endeavor by Kirk Kerkorian and Iacocca would be a disaster.
Geoffrey K. Wascher
A principal foundation of our democratic society has been the free-enterprise system, which has encouraged entrepreneurs and investors to create corporate institutions that have rewarded them for their efforts, provided the economic livelihood for their employers, fostered community development, and benefited society as a whole.
Unfortunately, that same system has encouraged profiteers such as Kirk Kerkorian and others to feast upon the success of such companies as Chrysler. These vultures contribute little to society and seek only their own personal gain. In the process, they destroy the companies they target, disrupt professional careers, and negatively impact families as well as the communities where they collectively contribute to its economic well-being.
Fortunately, society will recognize that these profiteers produce nothing of value and are totally self-serving. The only thing they accomplish is the increasing of their already filled coffers and the further enhancement of their swollen egos.
William E. Karnatz, Sr.
Bay Village, Ohio