Stern confirms he'll step down as president of Service Employee...
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#1 Apr 15, 2010
He's not sure what he'll do next? Now that's laughable. We all know what the plans are, don't we?
Since: Sep 09
#2 Apr 15, 2010
Anyone else catch the irony of a blue-eyed white boy as president of a union whose membership is majority minority?
http://online.wsj.com/article/SB1242437852480... Mr. Stern also said campaign spending eroded the international's funds. The union took out $25 million in loans last year to meet expenses and saw its net assets fall by nearly half -- to $34 million at the end of 2008 from $64 million in 2007.Mr. Stern said the union has already paid back $10 million of the $25 million borrowed last year and expected the rest to be repaid by June 2010. The union has an additional $90 million in loans from Bank of America Corp., related to the 2003 purchase of the union's Washington, D.C., headquarters.
(bear in mind this was done out of the paychecks of minimum-wage workers)
Other international unions spent far less on politics last year. Only the American Federation of State, County and Municipal Employees, which routinely spends heavily on political activities, came close. It spent $63 million, or 32% of its total expenditures for 2008, according to filings with the Labor Department.
The 1.4-million-member International Brotherhood of Teamsters, spent $13 million, or 7% of its 2008 budget, while the United Auto Workers, spent $11 million, or 4% of its total expenditures.
By comparison, SEIU international spent $67 million, or about 20% of its 2008 budget, according to government filings, plus contributions from members and locals.
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