Word: verne
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Dates: during 1980-1989
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...legally vulnerable. In Delaware, where Chrysler is registered as a corporation, the law requires directors to have "undivided loyalty to the corporation." Chairman Lee Iacocca has pointedly stated that Fraser will be joining the board as an individual and not as a U.A.W. representative. But Harvard Law Professor Vern Countryman warns: "If certain Chrysler stockholders wanted to raise the point, they could create some trouble." As of week's end there were no indications that the point would be raised...