In 1978, Henry Ford II fired Lee Iacocca, father of iconic Ford Mustang. Five years later, he delivered record profits for nearly bankrupt rival Chrysler

Lee Iacocca helped create the iconic Ford Mustang before Henry Ford II fired him in 1978. Just five years later, Iacocca helped revive nearly bankrupt rival Chrysler, leading the struggling automaker through a major turnaround and to record profits.