The Nation - News from Nov. 1, 1985

The Nation magazine charged that a group of businessmen headed by Chrysler Corp.’s Lee A. Iacocca has staged a “corporate takeover” of the Statue of Liberty in the course of restoring it. It accused Iacocca, chairman of the Statue of Liberty centennial commission, of cronyism. In addition, it said that some restoration officials had awarded themselves lucrative contracts and that a continuing cash shortage has been masked by “deceptive figures.” The writers said also that Iacocca, who was not available for comment, has used his connection to benefit Chrysler and his political aspirations.