Nobody likes it when a former colleague joins a rival. And nobody will know what the late Fiat Chrysler CEO Sergio Marchionne thought when his longtime labor chief, Alphons Iacobelli, landed at General Motors in January 2016.
Today, Iacobelli, 60, is inmate No. 55817-039 in a federal prison in Morgantown, W.Va., serving a five-and-a-half-year term for his role in the FCA-UAW corruption scandal. His sentence is scheduled to be complete Sept. 8, 2023.
Iacobelli was in charge of bribing top UAW officials and keeping them "fat, dumb and happy," according to federal prosecutors in the yearslong investigation into union corruption. He also kept plenty of the graft for himself, buying a $350,000 Ferrari and siphoning another $1 million in union workers' training funds to pay off his personal credit card debts.