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:: Thursday, June 19, 2003 ::
WSJ.com - Sam Waksal, Meet Robert Georgine! The latest scandal-plagued corporation is union-owned.
Former Ullico CEO Robert Georgine recently stepped down from that union-owned life insurance company in the middle of a financial scandal that rivals any Enron. Ullico is under federal and state investigation (and the subject of congressional hearings today) for its role in a stock purchase and buyback deal that netted directors and officers millions in profits. But Mr. Georgine made out far better than is commonly reported, and the details deserve a lot more scrutiny.
posted 5:32 AM :: reference link ::
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