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UPS Union Issues
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<blockquote data-quote="BigUnionGuy" data-source="post: 1492499" data-attributes="member: 4992"><p>That's what cracks me up.</p><p></p><p>When people say "Hoffa" has mismanaged Central States.</p><p></p><p>Or, the "Union" has mismanaged the fund.</p><p></p><p></p><p>Not even the trustees.... "manage" the fund.</p><p></p><p></p><p>"<em>They note that Central States is the only major private pension fund where all the discretionary investment decisions <u>are made by financial firms</u> rather than by the fund’s board.</em>"</p><p></p><p><a href="http://www.ibtimes.com/pension-fund-run-wall-street-cited-push-cut-retiree-benefits-1748439" target="_blank">http://www.ibtimes.com/pension-fund-run-wall-street-cited-push-cut-retiree-benefits-1748439</a></p><p></p><p></p><p>Most people calling for change, are unaware of this.</p><p></p><p>Some, want change.... just for the sake of change. That's dangerous.</p><p></p><p></p><p>The attitude of "we should give others a chance" is simply <em>beyond</em>, ill-conceived.</p><p></p><p></p><p></p><p>-Bug-</p></blockquote><p></p>
[QUOTE="BigUnionGuy, post: 1492499, member: 4992"] That's what cracks me up. When people say "Hoffa" has mismanaged Central States. Or, the "Union" has mismanaged the fund. Not even the trustees.... "manage" the fund. "[I]They note that Central States is the only major private pension fund where all the discretionary investment decisions [U]are made by financial firms[/U] rather than by the fund’s board.[/I]" [url]http://www.ibtimes.com/pension-fund-run-wall-street-cited-push-cut-retiree-benefits-1748439[/url] Most people calling for change, are unaware of this. Some, want change.... just for the sake of change. That's dangerous. The attitude of "we should give others a chance" is simply [I]beyond[/I], ill-conceived. -Bug- [/QUOTE]
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