After taking a ride on the Miss Freedom ferry with 200 other passengers to Ellis Island in New York last week, legendary entrepreneur Lee Iacocca and business tycoon Peter Peterson were sitting on a hard bench near the gate, looking after every man and woman as they disembarked.

Both in their mid 80s, the two were the last to get off the ferry and walk to the Immigration Museum for the 2010 Ellis Island Family Heritage Awards ceremony.

While the ceremony, which featured celebrities such as rock icon Bruce Springsteen, is big news to Americans, what Iacocca and Peterson did on the ferry seems more newsworthy to Chinese.