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#1
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Don White wrote:
If this upsets wingnuts like Karen...I say post them all day long. Wonder how our Outback Ozzie would like it if you simply added each new review on top of a long list of previous reviews...such as she does aka her obsession with Harry. Gould 0738 wrote in message snip... Due to a number of people expressing a profound unhappiness with my posting opinions and observations about various boats in the NG, I'll not stir up the hornets again with a full description of the boat and its handling characteristics or amenities. Perhaps I can sneak under the radar with a tiny observation, however. snip... You think she/it is obsessed with me? I have to admit, when I get into the shower each morning, I do look around first for an ugly, overweight and old Australian broad/guy wielding a cheap, rusty knife... -- Email sent to is never read. |
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#2
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"Harry Krause" wrote in message ......when I get into the shower each morning, I do look around first I guess that's right before you commute down to Ullico to help them f-over and rob some more American workers. Happy New Year, Harry! ********************************* http://www.ullico.com/a/prcontact.html UNION CORRUPTION UPDATE --------------------------------------------------------------------------- Information on America's most corrupt & aggressive unions ---------------------------------------------------------------------------- ULLICO Union Pension-Owned Company Set to Lose $20-$30 Million Its stock windfall from the bankrupt Global Crossing now gone, the union pension-owned Ullico company lost money in 2002 for the first time in 11 years, its CEO, Robert Georgine, admitted on Feb. 21. In a meeting with the Board of Directors, Georgine, former head of the AFL-CIO's Bldg. & Construction Trades Dept., blamed chief financial officer John Grelle for the losses. Days later, Grelle resigned in protest, blasting Georgine for not selling the company jet, which costs $3 million a year. There was no indication if Grelle also called on Georgine and other union boss directors of Ullico to return the more than $6 million they made in inside deals of Ullico stock in 2000 and 2001. In the late 90s, Ullico was able to buy Global Crossing stock at its initial public offering (IPO) price. By 1999, a $7.6 million investment had mushroomed to $335 million. After pricing its own stock at a set $25 per share, Ullico directors changed the rules, setting a new price at the beginning of each year. In the Fall of 1999, Ullico sold $127 million of that windfall. With Ullico's stock set to increase from $54 to $146 a share, many of the union boss directors, including Georgine, bought their own company stock at the lower price. As the telecom bubble deflated over the next two years, Global Crossing spiraled toward bankruptcy, and Ullico's stock took a tumble, the Ullico directors who had bought their stock at $54 a share were given two opportunities to sell it back, the first time for $146 a share, the second time for $75. As Georgine and the other Ullico officials made $6.7 million in profits, the union pension funds that own Ullico could not take advantage of the same deal. By the time the books are closed on 2002, Ullico is expected to have lost between $20 and $30 million. On March 3, the insurance rating service, A.M. Best, downgraded Ullico to "vulnerable." Georgine claims that hiring a management-consulting firm will help. But the board reportedly also discussed slashing Ullico staff salaries by 25 percent. [Business Week 3/17/03] "Special" Cmte. Votes for Release of Thompson Report, but Waffles on Returning Profits An advisory committee of Ullico board members who didn't participate in the stock deals recommended the public release of an internal report on the scandal that Ullico CEO Robert Georgine has quashed. But the committee also voted against requiring board members to return their insider profits. Georgine picked his friend, former Illinois governor James Thompson, to conduct an internal investigation last April. Georgine apparently did not like Thompson's conclusions last November, because he invoked attorney-client privilege to keep the report from the public, and federal investigators. The special committee voted to recommend the report's release on March 25, three days before a scheduled meeting of the full Ullico board. But the committee voted against requiring those union officials sitting on the board to return the money they made buying and selling their own Ullico stock before the price of that stock was scheduled to be lowered in 2000 and 2001. |
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#3
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Wonder how Harry feels about his beloved Ullico moving hundreds of employees
to Maryland to circumvent taxes, and receive government loans. http://tinyurl.com/yt2rl |
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#4
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"Joe" wrote
Wonder how Harry feels about his beloved Ullico moving hundreds of employees to Maryland to circumvent taxes, and receive government loans. Who can tell? from the article-- "State and Montgomery County officials attracted 314 Ullico employees with loans, training grants and a possible tax credit. " I'm thinking there were probably some unpublicized sidebar agreements wherein various unions representing State and County workers "promised" not to strike for some period of time if the move were effected. In any other area of commercial activity in the US, that would be called by its proper name -- extortion. |
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#5
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100,000 square feet for 314 employees in an office?
Joe wrote: Wonder how Harry feels about his beloved Ullico moving hundreds of employees to Maryland to circumvent taxes, and receive government loans. http://tinyurl.com/yt2rl |
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