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UPS Union Issues
The Boston Bully's New England Pension Fund in the Red Zone!
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<blockquote data-quote="Brown Spider" data-source="post: 2195734" data-attributes="member: 52461"><p>Didn't happen, Belly. Carey did <strong><em>NOT </em></strong>inherit "1.9 million in ups stock from his daddy"! Joseph Carey, Ron's father <strong><em>did </em></strong>buy 8 shares of UPS stock in 1935 for $320.00. Over 56 years, that stock <strong><em>did </em></strong>grow to 112,000 shares worth about 1.9 million dollars. All similarities between fact and your steaming pile of BS end right here. </p><p></p><p>Federal labor law requires union officers to report ownership of any stock in a privately held company that the officer is representing in collective bargaining. Joseph Carey died in 1991 and left his six sons an estate that included $1.9 million in UPS stock. The estate, which was still in probate in August of 1992, sold that stock back to UPS. The U.S. Department of Labor, specifically John Koch, the acting deputy assistant secretary for labor-management standards, advised the Teamsters Union in an August 18, 1993 letter that <strong>"Mr. Carey did not have any vested right to the stock in question during the time the stock was in the</strong> <strong>estate, and there is no indication that he exercised any influence or control over the handling or sale of the stock."</strong> </p><p></p><p>As to the rather bizarre assertion that "<strong>He and tdu were in ups's pocket. Ups paid off Carey and tdu." </strong>Huh? WTF was UPS paying for...the 1997 UPS strike? </p><p></p><p>BTW...I have no idea what you meant by "going to let we their ass in the end".</p></blockquote><p></p>
[QUOTE="Brown Spider, post: 2195734, member: 52461"] Didn't happen, Belly. Carey did [B][I]NOT [/I][/B]inherit "1.9 million in ups stock from his daddy"! Joseph Carey, Ron's father [B][I]did [/I][/B]buy 8 shares of UPS stock in 1935 for $320.00. Over 56 years, that stock [B][I]did [/I][/B]grow to 112,000 shares worth about 1.9 million dollars. All similarities between fact and your steaming pile of BS end right here. Federal labor law requires union officers to report ownership of any stock in a privately held company that the officer is representing in collective bargaining. Joseph Carey died in 1991 and left his six sons an estate that included $1.9 million in UPS stock. The estate, which was still in probate in August of 1992, sold that stock back to UPS. The U.S. Department of Labor, specifically John Koch, the acting deputy assistant secretary for labor-management standards, advised the Teamsters Union in an August 18, 1993 letter that [B]"Mr. Carey did not have any vested right to the stock in question during the time the stock was in the[/B] [B]estate, and there is no indication that he exercised any influence or control over the handling or sale of the stock."[/B] As to the rather bizarre assertion that "[B]He and tdu were in ups's pocket. Ups paid off Carey and tdu." [/B]Huh? WTF was UPS paying for...the 1997 UPS strike? BTW...I have no idea what you meant by "going to let we their ass in the end". [/QUOTE]
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