Why don’t we pass a law that says when you borrow money to buy somebody else and cannibalize him, the interest payments on those loans are not deduct… - Lee Iacocca

" "

Why don’t we pass a law that says when you borrow money to buy somebody else and cannibalize him, the interest payments on those loans are not deductible? That would get the excesses out of the system pretty fast. Right now, if you want to buy up a competitor, generally you can’t. That would violate the antitrust laws. But if you want to buy a company that does something else entirely, that’s okay. Where’s the sense in that?

English
Collect this quote

About Lee Iacocca

Lido Anthony "Lee" Iacocca (October 15, 1924 – July 2, 2019) was an American automobile executive best known for the development of the Ford Mustang and Ford Pinto cars while at the Ford Motor Company in the 1960s, and for reviving the Chrysler as its CEO during the 1980s. He was president and CEO of Chrysler from 1978 and chairman from 1979, until his retirement at the end of 1992. He was one of the few executives to preside over the operations of two of the Big Three automakers.

Biography information from Wikiquote

Also Known As

Birth Name: Lido Anthony Iacocca

Share this quote as an image

Customize card

Enhance Your Quote Experience

Enjoy ad-free browsing, unlimited collections, and advanced search features with Premium.

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Additional quotes by Lee Iacocca

the discipline of writing something down is the first step toward making it happen. In conversation, you can get away with all kinds of vagueness and nonsense, often without even realizing it. But there’s something about putting your thoughts on paper that forces you to get down to specifics. That way, it’s harder to deceive yourself — or anybody else.

It’s a good thing God doesn’t let you look a year or two into the future, or you might be sorely tempted to shoot yourself. But He’s a charitable Lord: He only lets you see one day at a time. When times get tough, there’s no choice except to take a deep breath, carry on, and do the best you can.

Try QuoteGPT

Chat naturally about what you need. Each answer links back to real quotes with citations.

By their very nature, financial analysts tend to be defensive, conservative, and pessimistic. On the other side of the fence are the guys in sales and marketing — aggressive, speculative, and optimistic. They’re always saying, “Let’s do it,” while the bean counters are always cautioning you on why you shouldn’t do it. In any company you need both sides of the equation, because the natural tension between the two groups creates its own system of checks and balances.

Loading...