Re: Public Employees for Privatization

[Doug Henwood <dhenwood@xxxxxxxxx>]

On Sep 13, 2007, at 10:57 AM, ken hanly wrote:

> Is there any attempt by the union membership to
> exert any control over the investment process so that
> this sort of thing does not happen?

There are attempts, but U.S. law is very strict on what can be done.
People who've worked on those sorts of programs have told me they
have to come up with all kinds of gimmicks to stay within the law -
and make weird alliances with shareholder rights types.

Doug