At Chrysler the U.A. W.'s Fraser prepares to become a director
When Chrysler shareholders gather this week for the beleaguered automaker's annual meeting at the Clock Tower Inn outside Rockford, Ill., they are expected to ratify a historic change in the management of American corporations. Among the 20 nominees for the board of directors is Douglas A. Fraser, 63, president of the United Auto Workers union. Never before has a representative of Big Labor joined the board of a major U.S. company.
Eraser's all but certain election by Chrysler's 213,158 shareholders is part of a deal worked out between the auto company and...
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