Posts tagged financial gain
GM lawsuit could fuel debate over calls for worker seats on corporate boards
June 23, 2026 // General Motors filed its lawsuit against Chrysler in 2019, after the U.S. Department of Justice successfully prosecuted executives, employees, and union officials at Chrysler for financial and collective bargaining corruption. At the center of the suit is Iacobelli’s role as a labor relations executive responsible for union negotiations and labor-management programs. The lawsuit claims that the union used Iacobelli’s position at GM to obtain confidential information and create bargaining contracts at Chrysler that gave it a competitive advantage over GM.