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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Wednesday, June 09, 2004 ::
New Leaders Stabilize ULLICO And Try to Put Scandal in Past McGraw-Hill Construction | ENR
Only a year ago, ULLICO Inc. was mired in scandal and losses. But the union-owned insurance and investment company has managed to turn things around under the leadership of Chairman Terence M. O’Sullivan and has reported its first quarterly profit in three years.
The company provides competitively priced insurance and financial services for multi-employer trust funds, labor unions and the rank-and-file. But ULLICO’s litany of troubles included a controversial corporate stock program for insiders that landed ULLICO under a congressional and legal microscope. Further scrutiny revealed shrinking assets, losses on core insurance lines and enormous company expenses.------------------------------------------- posted 7:03 AM :: reference link ::
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