Known as the “father of the Mustang,” Iacocca rose through the ranks to become president of Ford in 1970. After being fired in a power struggle with Henry Ford II, Iacocca became chairman of the rival Chrysler Corporation, where he cemented his place in automotive history by turning around the ailing company. In 1988 Lehigh established the Iacocca Institute on Mountaintop Campus, which is now the home for the Global Village for Future Leaders of Business and Industry and the Lee Iacocca International Internships program.