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    "The fight is never about grapes or lettuce. It is always about people."
    Cesar Chavez




    :: 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 :: 0 comments ::
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