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:: Thursday, July 24, 2003 ::
MfD OpenForum : Tension & uncertainty in the air at ULLICO: Ullico's Rotten Apples
Remember Ullico, the union-owned life insurance company whose scandal we recently detailed in these pages? Like Enron, this particular fish also started rotting from the head down, beginning with a $13.7 million sweetheart buyback deal that benefited 20 board members and officers at the expense of Ullico's largest shareholders: union pension funds.
But new information turned up by Senator Susan Collins suggests that Ullico's reform looks increasingly like business as usual.------------------------------------------- posted 6:48 AM :: reference link ::
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