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A few months later Iacocca spent another $400 million to buy FinanceAmerica, a subsidiary of Bank of America that lent consumers money to buy anything from washing machines to bvacations/b, and blended it into Chrysler Financial, a subsidiary ... to return to Chrysler as chairman, after collecting his $9 million fee after the UA buyout fell through. But the board elected Robert J. bEaton/b, the president of General Motors Europe, as Chairman and CEO of Chrysler on January 1993. ...
This is a guy who counts among his almost 200 private investors Bill Gates -- best man at Raburn's wedding, for goodness' sake -- Red Poling, former chairman of bFord/b; Bob bEaton/b, former cochairman of DaimlerChrysler; serial entrepreneurs like Al Mann, who sold two companies for b....../b He helped found and ran "Galaxy Aerospace," a venture he sold to the Pritzker family of Chicago (Hyatt bHotels/b) and then sold off to the Crown family of Chicago (General Dynamics/Gulfstream). ...