Word: boarding
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Dates: during 1970-1979
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...UNION PRESIDENT on the company's board of directors? That must be Germany, land of co-determination and 50 per cent worker representation on supervisory boards. No? Perhaps Sweden, social democracy, powerful labor movement. No? Let's start by eliminating the countries it couldn't possibly be--The United States. What do you mean, it is the United States. The Joe McCarthy, Richard Nixon, and Milton Friedman United States...
...October 25, The United Auto Workers(UAW) and the Chrysler Corporation reached agreement on a new three-year contract. On the same day, Chrysler chairman Lee A. lacocca announced that Chrysler will nominate UAW president Douglas A. Fraser for election to the company's board of directors at the May 1980 annual meeting...
...creeping socialism about to pounce? Not quite. In fact, despite the landmark nature of Fraser's likely upcoming appointment to the financially troubled auto-maker's board, the move is most striking for its insignifance...
Admittedly, Fraser's membership on the board has some benefits for the UAW rank-and-file. The union will gain access to financial and other information previously held in confidence by Chrysler's board decisions through his arguments, if not through his vote. For example, he can make the company at least consider preserving jobs when its knee-jerk reaction to financial difficulty might be massive layoffs. More immediately, he may be able to get Chrysler to re-consider the planned closing of its Michigan Assembly plant...
...even if management actually listens to Fraser, his presence on the board will not signal a new age for the management of America's firms...