Politicians Accelerate Chicago’s Race to Ruin
Chicago's financial crisis deepens due to reckless union-backed legislation increasing pension liabilities, with leaders failing to take corrective action.
Financial Reform Includes Big Labor Loophole
Tucked inside the so-called “Financial Reform” legislation making its way through the Senate is a provision that would give union bosses the power to influence the boardrooms and policies of our nation’s largest companies.
The bill denies states the ability to make rules how corporate boards are established and run and hands the power to the federal government through the SEC. Union bosses are expected to use the provision to affect corporate boards to force pension fund investors to obtain more seats on those boards and that means union pension funds will suddenly have more influence on business simply because of their influence in Washington.
