The Dinosaur Hunter
Long before his son Mitt ran for president, George W. Romney was running the American auto industry's most daring underdog: American Motors Corporation (AMC). Taking the reins after George Mason's death in 1954, Romney inherited a company fighting for survival against GM, Ford, and Chrysler. His strategy was aggressive and brilliant: he attacked the competition's obsession with size. He famously coined the phrase "gas-guzzling dinosaurs" to describe the chrome-laden barges Detroit was churning out.
The Rambler Revolution
Romney bet the entire company on a single idea: the compact car. He pushed the Rambler as a smart, sensible alternative for the modern family. The message resonated. In the recession of 1958, while other manufacturers saw sales plummet, Rambler sales skyrocketed. AMC became the only company to turn a profit that year, and the Rambler eventually climbed to third place in national sales charts.
From CEO to Governor
Romney wasn't just an executive; he was a celebrity. His face appeared in advertisements, preaching the gospel of efficiency. He proved that a small independent company could outmaneuver the giants by identifying a market niche they ignored. Having saved AMC and made his fortune, he resigned in 1962 to become the Governor of Michigan, leaving behind a legacy as the man who forced Detroit to think small.