AFSCME Issues Resolution on ULLICO Executive Board Urges Directors To Return Profits
The International Executive Board of the American Federation of State, County and Municipal Employees, (AFSCME), AFL-CIO, issued a resolution calling for new leadership at ULLICO and urged the ULLICO board of directors to immediately return profits made from trading ULLICO stock.
The resolution condemns business practices by any corporation that undermines the security of America's workers and urges the ULLICO board of directors to return the profits they earned from the buying and selling of stock to the ULLICO treasury.
"As a labor union we fight day in and day out for the rights of our members," said AFSCME President Gerald W. McEntee. "We cannot stand by and allow their futures to be jeopardized."
AFSCME's executive board also called upon the ULLICO board to immediately release the Thompson Report to shareholders and appoint a new President and management team charged with returning the company to the purposes for which it was founded.