Borrow Quote by Lee Iacocca
“We at Chrysler borrow money the old-fashioned way. We pay it back.”
About This Quote
Source Speech: Chrysler Annual Report, 1983
Borrowing money traditionally means repaying it, emphasizing responsibility.
In simple terms: Pay back what you borrow.
Key Takeaway
Honor financial commitments.
Themes
finance
responsibility
business ethics
Mood
pragmatic
cautious
Type
advice
business
When to use this quote
- taking a loan
- issuing bonds
- personal borrowing
- corporate finance
Key Concepts
debt
trust
reputation
Questions to Reflect On
- What safeguards ensure repayment?
- How does trust affect borrowing?
A Different Perspective
Ignoring repayment can damage credibility.
![“They're on you day and night. Their oversight is just too extreme [. . .] That's why our 10-year loan, we paid it back in three years. We couldn't stand the government. The bureaucracy kills you.” quote by Lee Iacocca](https://sms4smile.com/quotes/img-quotes/8cc/lee-iacocca-3170_bureaucracy_they-re-on-you-day-and-night-their-overs_145905.jpg)
