In 1980, Lee Iacocca of Chrysler lobbied the U.S. government for a $1.2-billion grant to bail out the automaker. Shortly after, in an effort to show his willingness to save the company, he famously cut his salary to $1.
The top qualities of a leader like Lee Iacocca include a strong vision, receptiveness to change, the ability to self-motivate and be contagious, adaptability to new and changing markets and, most importantly, trust.
