Posted on 02/09/2002 3:03:05 PM PST by Bayou City
From SEC Edgar on line form S-1/A filed on 07/23/1998
Page 53
BENEFICIAL OWNERSHIP OF COMMON STOCK
MRCo, Inc. (4).................... 16,959,462
111 Massachusetts Avenue NW
Washington, DC 20001
Michael R. Steed(19).............. 16,974,462
Note 19 on Page 54
Includes all shares of Common Stock owned by MRCo, Inc. Mr. Steed is the Senior Vice President of ULLICO and the President of MRCo, Inc., which is a wholly-owned subsidiary of ULLICO. Includes 15,000 shares of Common Stock issuable upon the exercise of options within 60 days of July 13, 1998. Includes 368,353 shares of Common Stock issuable upon the exercise of GCL Warrants.
Now for the connection... Laborers.org
Kheel and McAuliffe Raise Some Money
News reports that labor lawyer Theodore Kheel gave $20,000 in illegal cash to Carey’s 1996 campaign were easy to overlook for those not familiar with who he is or his long role in labor relations. Cornell University has a new facility at its famous Industrial and Labor Relations School and it is named after the generous Kheel. Probably the finest labor relations training institution in the country, the Cornell school was founded by Irving Ives, a respected labor expert and patrician Republican who served on the Senate Labor Rackets Committee with Arkansas Democrat John McClellan. Ives, with then-Senator John F. Kennedy, sponsored the labor reform legislation that became the great investigation’s legacy.
In 1995, Kheel played a major role arranging the sale of the AFL-CIO’s "affinity credit card" from the Bank of New York to Household Finance. The sale brought over $35 million to the AFL-CIO, which gave it the liquidity to pump over $30 million into the Democratic Party’s 1996 congressional campaigns. Kheel brokered the deal with Democratic fundraiser Terry McAuliffe. In 1992, Kheel had convinced the newly elected Carey to endorse the credit card program. Carey delivered 1.5 million Teamsters who previously had not participated in the program. Kheel profited handsomely, from the new Teamsters in the credit card program, and he subsequently contributed the $20,000 to Carey’s 1996 Teamsters reelection bid.
McAuliffe, chairman of a record-breaking Democratic fundraiser in May and chairman of recent Democratic convention in Los Angeles, has long been associated with organized labor. In addition to his work on the Union Privileges "affinity" credit card, McAuliffe has had a major role handling investments for the AFL-CIO Union Labor Life Insurance Company (ULLICO). But while he may be welcome at AFL-CIO headquarters, he is reportedly persona non grata at the International Brotherhood of Electrical Workers (IBEW). McAuliffe-related businesses borrowed millions of dollars in loans over the years from the Electrical Workers Pension Plan for a series of business ventures, many of which he defaulted on. The loans themselves were highly favorable to McAuliffe, and there is evidence that the former Electrical Workers secretary-treasurer who made these loans was himself in business dealings with McAuliffe. Labor rackets investigators have been looking into the underlying transactions, and the trustees of the plan have been sued for their negligence in making these imprudent loans. The transactions scream ‘kickbacks’ to any experienced labor rackets investigator, but the probe remains stalled.
bump
It sure is
My e-mail to Gretta:
Hi Gretta,
Ok - you're a smart lady. You know that a lot of the viewers of Fox News aren't real thrilled to have you on the air. I for one have taken the position that I'm going to give you a chance to be fair and balanced.
Congress has been doing a great deal of political posturing on the Enron debacle. McCauliffe, Carville, Waxman, Lieberman, Hollings, and Begala have had their faces all over the news with their version of the spin.
I firmly believe that the SEC & the DOJ should do a full investigation and if found guilty, heads should roll. I do not believe Congress has any business spending our money and wasting their time for TV face time on this issue. Let the DOJ do their job as well as the SEC.
Here is a story that you could dig your teeth into and prove to the skeptics that you are truly a journalist and not, as some call you, a shill for the DNC.
Thank you in advance for any time you can give this story. We'll be watching.
From www.freerepublic.com
A Link To Global Crossing, Terry McAuliffe and AFL-CIO SEC Edgar | 02/09/02 | Myself
Posted on 2/9/02 6:03 PM Central by (name omitted)
Your post follows
The continuing saga of Terry McAuliffe & Global [double] Crossing. . .
McAuliffe to Sean Hannity: Hey, it's called CAPITALISM! Welcome to America! If you don't like it, LEAVE!
(((PING))))))
Please let me know if you want ON or OFF my ping list!. . .don't be shy.
McAuliffe profited handsomely and continues to rake it in every year. Conservative estimates are that TM Takes in $5 mill annually as his cut on the deal, good for the life of the relationship. $50 to 60 million total just to TM, almost twice what the Union made!
But, alas, there is nothing inherently illegal with the payments since they are made by the Bank, not the Union.
What few realize is that Martin Davis was/is part of that deal and he continues to receive his $1 mill annually to support his Aspen life-style. I believe Mister Davis had a small run in with the law in years past.
Hey I can't leave (I'm not there)..But can I sign up??? Please. Irish journo who would sell her soul for a work visa!!!! (BTW..do they have a problem with conservative journalists getting work visa's these days, or is that just a throw back idiosyncrasy of the Clinon era?) *L*
But, alas, there is nothing inherently illegal with the payments since they are made by the Bank, not the Union.
What few realize is that Martin Davis was/is part of that deal and he continues to receive his $1 mill annually to support his Aspen life-style. I believe Mister Davis had a small run in with the law in years past.
I'm not famliar with this can you explain, who is Martin Davis.
Agree, this needs to be hammered!
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