(FORTUNE Magazine) – LEE IACOCCA, 62, chairman and chief executive of Chrysler, on his company's selling as new those cars damaged during testing: ''The decision went beyond dumb and reached all the way out to stupid.''

CLAYTON YEUTTER, 56, U.S. Trade Representative, on the Reagan Administration proposal that all countries eliminate farm subsidies by the year 2000: ''We have no intention whatsoever of unilaterally disarming in the agricultural area.''

T. BOONE PICKENS JR., 59, general partner of Mesa Limited Partnership, which gave only $368,000 to charitable causes last year:

''I don't pat myself on the back or build monuments to myself the way others do for giving away the company's money. Company giving has to be related to the company's interests, not be a gift to the ballet because my wife likes ballet.''