NATION : Iacocca Says He’ll Stay in Post
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From Times wire services
DETROIT — Chrysler Corp. Chairman Lee A. Iacocca declared today that he will stay in his post as head of the nation’s No. 3 car company after his current contract expires in December, 1991.
“When I came to Chrysler, I enlisted for the duration,” Iacocca said in a press release. “Right now there’s a battle raging and I’m not going to leave my troops in the field.”
The company last week lost its second-in-command and heir-apparent to Iacocca when Vice Chairman Gerald Greenwald left to head the employee group bidding for UAL Corp., the parent of United Airlines, for $4.4 billion.
