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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Wednesday, May 14, 2003 ::
Ullico Board Seeks Return of Stock Profits The newly elected board of Ullico, the union-owned insurance company, yesterday voted at a closed meeting to call on past management to return $5.6 million in profits from a stock deal that is under state and federal investigation, sources close to the board said.
A number of former board members have returned profits, or announced plans to do so, including Douglas J. McCarron, president of the United Brotherhood of Carpenters and Joiners, whose pretax profit was $418,880; Martin J. Maddaloni, president of the Plumbers Union, who made $234,680; and Morton Bahr, president of the Communications Workers, who made $35,202.------------------------------------------- posted 7:41 AM :: reference link ::
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