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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Wednesday, February 26, 2003 ::
Yet More ULLICO Fallout "Issues surrounding our implementation of the stock repurchase program have created such a diversion and have been used by those who oppose labor's goals to damage the interests or reputations of our unions and the trade union movement in general," McCarron stated in the letter. "This cannot be allowed to continue, and it is with this purpose foremost in mind that I have determined to return to ULLICO all profits received through my participation
in the stock repurchase program."
McCarron said he expected to make the return payment within 14 business days. A decision to withhold taxes from that amount was made, McCarron said, "in light of publicly made statement by ULLICO that it was considering amending its prior tax returns because of the stock sales and yearly repurchase programs."------------------------------------------- posted 9:36 AM :: reference link ::
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