A BLACK EYE FOR LABOR

Aaron Bernstein

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A BLACK EYE FOR LABOR

机译：黑眼圈

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The labor movement is being roiled by what could be one of its worst scandals in years. The controversy involves millions of dollars of profit taken by a dozen union leaders from selling stock of a labor-owned insurance company called ULLICO Inc. The gains came from a windfall the insurer earned from early investments in Global Crossing Holdings Ltd. The union officials got a disproportionate share of the profits, allegedly shortchanging their own unions, which own the bulk of ULLICO. The profit-taking has attracted the interest of a Washington grand jury, which has subpoenaed ULLICO officials and others. It's not clear if there were illegal acts by the 30-plus union officials on ULLI-co's board, including AFL-CIO President John J. Sweeney and the heads of about 12 unions―among them the carpenters' Douglas J. McCarron, the football players' Eugene Upshaw, and the hotel workers' John W. Wilhelm. While some, including Sweeney and Wilhelm, took no profits, most voted for the scheme, ULLICO documents show.

机译：劳工运动正被其多年来最严重的丑闻之一搅乱。争议涉及十多位工会领袖从出售一家劳力保险公司ULLICO Inc.的股票中获得的数百万美元的利润。收益来自保险公司从对Global Crossing Holdings Ltd的早期投资中获得的意外收获。工会官员得到了利润的比例不成比例，据称是他们自己的工会的不足，工会拥有ULLICO的大部分股份。获利了结吸引了华盛顿大陪审团的兴趣，该陪审团传唤了ULLICO官员和其他人员。目前尚不清楚30多名工会官员是否在ULLI-co董事会进行了非法行为，包括AFL-CIO主席约翰·斯威尼（John J. Sweeney）和大约12个工会的负责人，其中包括木匠的道格拉斯·麦卡伦（Douglas J. McCarron），玩家的Eugene Upshaw和酒店员工的John W. Wilhelm。 ULLICO文件显示，虽然包括斯威尼和威廉在内的一些银行没有获利，但大多数人投票赞成该计划。

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《Business week》 |2002年第3777期|p.6870|共2页
作者
Aaron Bernstein;
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Washington;

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正文语种 eng
中图分类贸易经济;世界经济问题;
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A BLACK EYE FOR LABOR

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