He was elected a vice-president of the international union in 1970. As a key member of Reuther's staff, Fraser was involved in a number of successful collective bargaining agreements, early retirement program in 1964, and wage parity for both US and Canadian members in 1967. Reuther died in a plane crash during the 1970 contract talks, leading many to speculate that Fraser might be tapped to lead the union. However, after a deeply-divided vote of the UAW executive council voted 13-to-12 against him, Fraser withdrew his name, and Leonard Woodcock became union president. Fraser led a nine-day strike against Chrysler that began on September 14, 1973, the first against the automaker in decades. The collective bargaining agreement hammered out five days later and ratified on September 23 contained restrictions on mandatory overtime, a comprehensive health-and-safety program, significant improvement to the early retirement plan, and a new dental care benefit. A new streamlined arbitration process was also negotiated, which reduced the time for resolving grievances. UAW presidency Fraser was president of the UAW from 1977 to 1983. He was elected president after Woodcock had reached the mandatory retirement age of 65, according to the UAW constitution. He is best known for his role in negotiating a greater voice for the union in corporate governance with Chrysler during the company's 1979 bankruptcy crisis and subsequent government-sponsored loan. Fraser mobilized UAW members and heavily lobbied Congress in a move that proved critical to convincing the government to provide $1.2 billion in federally-guaranteed loans, which enabled Chrysler to avoid bankruptcy. He used Reuther's "equality of sacrifice" formula to convince UAW members that major concessions were needed to save the company. Fraser then negotiated wage cuts of $3 an hour and waived restrictions on layoffs, which allowed Chrysler to shed nearly 50,000 jobs, about half its workforce. In an unprecedented move, Chrysler Corporation named Fraser to its Board of Directors on which he served from 1980 to 1984. He had pressed for automobile manufacturers to put UAW members on their boards in 1976. He was the first labor leader to sit on the board of directors of an important American company. Fraser negotiated another round of concessionary contracts in 1982. The early 1980s recession hit the Ford Motor Company particularly hard. To help save the company, Fraser negotiated significant wage and benefit cuts. The same wage concessions were given to General Motors, as Fraser sought