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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Sunday, March 16, 2003 ::
ENR - Carpenters' President Resigns From Ullico Board The Troubles at Ullico Inc. Continue to Mount.
Carpenters union President Douglas J. McCarron resigned from the Ullico board on March 13 in protest over the board's lack of action in making management changes recommended in an independent report.
McCarron returned his profits from the stock transactions in November.
In his resignation letter to Ullico President Robert A. Georgine, the carpenters chief states: "I am disappointed that by now the recommendations Governor Thompson made in his report have not been implemented. I am disappointed that the other directors have not followed my lead in returning the profits from the stock transactions. I am disappointed that the company has not turned its core business around financially."
McCarron adds: "I question whether Ullico Inc., is going to follow the path that I strived to achieve as a director."------------------------------------------- posted 10:17 AM :: reference link ::
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