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House panel to probe labor union stock deals
Washington Times ^
| Friday, April 25, 2003
| By James G. Lakely
Posted on 04/24/2003 11:34:14 PM PDT by JohnHuang2
Edited on 07/12/2004 4:02:48 PM PDT by Jim Robinson.
[history]
The House of Representatives will hold hearings in the coming weeks to investigate a stock-selling scheme Republicans are calling Big Labor's Enron scandal.
Rep. John A. Boehner, Ohio Republican and chairman of the House Education and the Workforce Committee, will lead the hearings on accusations that members of ULLICO, a labor-owned insurance company and pension fund, took part in an illegal scheme in which shares in ULLICO were bought and sold based on inside information gleaned by the board's chief executive officer, Robert A. Georgine.
(Excerpt) Read more at washtimes.com ...
TOPICS: Crime/Corruption; Front Page News; News/Current Events
KEYWORDS: ullico; union; unionbosses
To: JohnHuang2
One of the things I always thought was funny, was house Union pensions, when they are invested, there is a concentrated effort to make sure they go to companies that do not have unions. Then again, does anyone remember when the teamsters had a there hall built, they wouldn't use union labor because they claimed it was to expensive.
2
posted on
04/25/2003 12:00:39 AM PDT
by
Sonny M
("oderint dum metuant".)
To: JohnHuang2
Robert A. Georgine, the once-powerful president of the AFL-CIO's Building Trades Department, has been forced out of his post as chairman of Ullico Inc., the union-owned insurance company plagued by a stock-trading controversy that threatened to bankrupt the 78-year-old firm.
Yesterday's action sets the stage for union leaders to attempt to bring to a close a scandal that had undermined the credibility of organized labor.
http://www.washingtonpost.com/wp-dyn/articles/A27764-2003Apr23.html
3
posted on
04/25/2003 12:06:19 AM PDT
by
kcvl
To: Sonny M
4
posted on
04/25/2003 12:08:38 AM PDT
by
kcvl
To: JohnHuang2
1999
ULLICO Chairman, President and CEO Robert A. Georgine, a long time activist for the rights of organized workers and others for health insurance, was appointed by President Clinton to the Advisory Commission on Consumer Protection and Quality in the Health Care Industry. As a member of the Commission, he was instrumental in the development and support of its Consumer Bill of Rights (popularly known as the Patients' Bill of Rights).
5
posted on
04/25/2003 12:12:37 AM PDT
by
kcvl
To: *Union Bosses
6
posted on
04/25/2003 5:01:30 AM PDT
by
Free the USA
(Stooge for the Rich)
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