Business: Chrysler's Blue-Collar Director

A St. Valentine's Day deadline for a lot of federal aid

Next March an unusual name will appear on the list of 17 nominees to the Chrysler Corp. board: Douglas A. Fraser, 62, president of the United Auto Workers. The nomination of this hardy adversary from Big Labor is part of the price that the automaker had to pay last week to win from the union economic concessions essential to corporate survival.

The first election of a U.S. union chief to the board of such a large company may be a symbolic victory for labor, but...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!