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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Friday, June 06, 2003 ::
ULLICO Board Members Have 30 Days To Return Profits From Stock Buyback A resolution adopted by the board states that ULLICO will ask board members who profited from stock transactions in 1998 and 1999 to return the profits to the company within 30 calendar days. If board members who participated in the stock deal are not able to make "satisfactory arrangements" with the company to return the proceeds in that time period, the resolution states that steps will be taken to remove those members from the board and all other positions in the company as well as taking further steps to recover the proceeds. This action by the board endorsed the first of six remedial recommendations in the Thompson report.
The Thompson Report On ULLICO------------------------------------------- posted 8:59 AM :: reference link ::
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