"Wake-up call sounds for U.S. workers"

Nomiprins at aol.com Nomiprins at aol.com
Wed Aug 14 15:42:55 PDT 2002


In a message dated 8/14/2002 3:23:24 PM Eastern Daylight Time, carlremick at hotmail.com writes:


> A very unusual article for CBS MarketWatch:
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> http://cbs.marketwatch.com/news/story.asp?guid=%7B79128AF9%2D25AB%2D4E3D%2D8F4B%2D589624342713%7D&
> siteid=mktw
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> Carl
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It is an unusual spot. I didn't realize women are the more militant portion of the unionized workforce. Cool. Also, despite the fact that only 9% of the privatized workforce is unionized, unions represent 24% of the $7trln of public pension assets ($1.7tln). So, there's a multi-trillion dollar opportunity for union trustees to effect change in retirement fund policy, not to allow companies like ULLICO to invest in maverick upstarts like Global Crossing on the expectation of wild returns, but to be far more prudent, better-informed and vocal about investment decisions.

Nomi

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