Buying and Selling a Business

On July 13, 1978, Henry Ford II fired Lee Iacocca as president of the Ford Motor Company. Suddenly, without warning and without explanation, after thirty-two years of service to Ford, he was gone. As Iacocca relates in his autobiography, Iacocca had reason to believe that before he was fired his telephone had been tapped and that spies had rifled through his desk at night. After he was fired, associates who had been his personal friends for years were afraid to visit his home, or even be seen speaking with him. Had they been discovered socializing with him, they might have.

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