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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Monday, May 12, 2003 ::
SENATOR COLLINS’ CONGRESSIONAL HEARING ON ULLICO STOCK DEALS The hearing will focus on an extensive investigation of the questionable deals. Former Illinois Governor James R. Thompson, who led the investigation at the request of ULLICO’s board of directors, is scheduled to testify. Certain ULLICO directors and officers have been criticized for allegedly engaging in manipulative stock transactions that enriched themselves at the expense of the company’s other shareholders — primarily unions and worker pension funds.
“These types of scandals shake the confidence of those who have invested their money in companies they trusted,” Collins said. “I intend to determine why this occurred and whether legislation is needed to prevent it from happening again.”------------------------------------------- posted 3:17 PM :: reference link ::
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