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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Tuesday, May 27, 2003 ::
BW Online | May 27, 2003 | Big Labor's Governance Lesson At scandal-tainted Ullico, AFL-CIO leaders ousted one of their own as CEO and set an example Corporate America should heed
When it comes to good governance, Corporate America can learn a useful lesson from, of all places, the labor movement. For more than a year, the AFL-CIO has been plagued by a stock scandal at Ullico, a labor-owned insurer. The company's former chief executive and more than a dozen of its 28 directors, mostly union leaders, pocketed millions of dollars by selling Ullico stock at the expense of the union pension funds that own most of the company.------------------------------------------- posted 3:11 AM :: reference link ::
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