If you haven’t read this blog of mine; read it first. The connection of ACORN to the SEIU
From my blog; these words
ACORN did a strange thing today.
It scrubbed its website of references to two of its key affiliates, Locals 100 and 880 of the Service Employees International Union (SEIU), an event reported by Kevin Mooney of the Washington Examiner.
ACORN and other activist groups are eligible to apply for $2 billion in federal funds to redevelop abandoned and foreclosed homes. Of course, if you think about it only as left-right, you could play that off as just a thank you from the Obama administration — the main beneficiary of their efforts.
But that’s not all this is about. ACORN is also deeply tied to the powerful SEIU, the Service Employees International Union.
On ACORN’s own Web site, SEIU Locals 100 and 880 are identified as allied organizations; the Department of Labor also has financial disclosure forms showing $600,000 in transactions between just those two ACORN groups and the SEIU, other similar filings show that organized labor has kicked back a total of $2.4 million to ACORN.
Given that SEIU donated $33 million to President Obama’s campaign and also spent a lot of money supporting other Democrats around the country, would you be shocked to hear that the administration sides with them in important issues?
For example, the California governor’s office was reportedly informed that trimming $74 million in worker pay could cost the state its $6.8 billion in stimulus money. Where I come from, that’s not “informing” that’s “extorting.”
But why was the SEIU even at the table in the first place? For the same reason that ACORN is also helping out with the 2010 Census: The SEIU, ACORN and the Obama administration are all about money and power and they’re all in it together.
Now watch this video….about 20 seconds in Obama admits his connections to the SEIU Local 880 while a “community organizer” in Chicago.
Note: The One thing I noticed about Obama here…..He freely talks to the SEIU without Mr.Telepromter! Amazing!
Then listen to Andy Stern talk about the first 100 days of the Obama Presidency.
PAY ATTENTION starting at 1:38 into this video of how many SEIU members are in the White House!
Then read about the “Power” the SEIU Master Trust (worth at least 1.3 BILLION DOLLARS) is doing…..
April 21, 2009
SEIU Master Trust Demands Investigation of Billions in Payouts for Executives in 29 of its Portfolio Companies
In letters addressed to the Boards of Directors of 29 major companies in its investment portfolio, the SEIU Master Trust–a consortium of pension funds with approximately $1.3 billion in assets–demand that the companies’ boards overhaul their executive compensation structure so top executives do not reap bonuses and other incentivized pay rewards regardless of the companies’ performance. The SEIU Master Trust argues that corporate compensation payments based on false economic metrics may be recovered under U.S. Law, and asks the companies to overhaul executive compensation practices to better align them with corporate performance.
“It’s bad for shareholders and dangerous for our economy when executives profit off of complex derivatives and inflated stocks,” said SEIU President and SEIU Master Trust Chair Andy Stern.
“If the Boards of Directors do not meet their obligation to shareholders to look into how executive pay was incentivized and determine whether bonuses were paid to executives based on false presumptions, the SEIU Master Trust reserves the right to take legal action.”
Complete list of the 29 companies in the SEIU Master Trust portfolio receiving letters:
AFLAC Inc. Columbus, GA AFL
Goldman Sachs Group, Inc. New York, NY GS
Morgan Stanley New York, NY MS
Allstate Corp. Northbrook, IL ALL
Hartford Financial Services Group, Inc./DE Hartford, CT HIG
Northern Trust Corp. Chicago, IL NTRS
American Express Co. New York, NY AXP
Hudson City Bancorp. Inc. Paramus, NJ HCBK
PNC Financial Services Group, Inc. Pittsburgh, PA PNC
American International Group, Inc. New York, NY AIG
JP Morgan Chase & Co. New York, NY JPM
Prudential Financial, Inc. Newark, NJ PHR
Bank of New York Mellon Corp. New York, NY BK
Keycorp New Cleveland, OH KEY
Regions Financial Corp. Birmingham, AL RF
BB&T Corp. Winston-Salem, NC BBT
Lincoln National Corp. Radnor, PA LNC
SLM Corp. Reston, VA SLM
Blackrock Inc. New York, NY BLK
MBIA Inc. Armonk, NY MBI
State Street Corp. Boston, MA STT
Capital One Financial Corp. McLean, VA 22102 COF
McGraw-Hill Companies, Inc. New York, NY MHP
Wells Fargo & Co. San Francisco, CA WFC
Citigroup, Inc. New York, NY C
MetLife, Inc. New York, NY MET
Zions Bancorp Salt Lake City, UT ZION
Comerica, Inc. Dallas, TX CMA
Moody’s Corp. New York, NY MCO
NOTE: It was ACORN and the SEIU that paid for the busloads of people sent to the homes of the AIG executives, that received bonus pay, to intimidate the executives and their families.
April 29, 2009
First Ever Binding By-Law Resolution to Pass at an S&P 500 Company
Vote Signals New Day of Greater Accountability to Shareholders and Broader Reform of Financial Industry
Charlotte, NC–Today, in one of the most contentious annual shareholder meetings in Bank of America’s (BAC) history, shareholders called for new leadership and greater accountability as 50.3 percent voted in favor of a resolution forcing Chairman Ken Lewis to resign as Chairman of the Board.
“Today, we saw a vote of no confidence in Ken Lewis who has overseen record losses in stock value and whose short-sited business plans have put personal gain ahead of shareholders and the long-term health of the company,” said SEIU Master Trust Chairman Andy Stern
Today’s successful vote follows more than three years of SEIU Master Trust advocacy and engagement with Bank of America to improve its corporate governance practices. In what is the first time ever that shareholders have been able to amend the corporate by-laws in a proxy vote of an S&P 500 company, the SEIU Master Trust resolution required that the Board of Directors appoint an independent Chairman to its board. Before filing this year’s successful resolution, the SEIU Master Trust filed a similar resolution last year winning 38 (37.6) percent support from shareholders.
“Bank of America investors are calling for swift, fundamental reform of a bank that has lost its way. Appointment of a new Chair is just the first step; in coming weeks, Bank of America must make fundamental changes to restore shareholder trust and to build a banking governance model that will succeed over the long term,” concluded Stern.
THEN ADD THIS:
May 11, 2009
Last week we brought you news of the emerging struggle of suit makers for Chicago-based Hart Schaffner & Marx menswear factory, members of SEIU’s newest affiliate Workers United, whose jobs are in jeopardy as chief lender Wells Fargo Bank pushes to liquidate the bankrupt company.
Note: Chicago-based Hart Schaffner & Marx menswear factory ……makes Obama’s suits.
With more than 3,000 jobs hanging in the balance, employees want the factory’s largest creditor and recipient of $25 billion in taxpayers’ bailout funds, Wells Fargo, to help it reorganize instead of shutting it down. The public is standing behind the 130-year-old company and slamming Wells Fargo for shortsightedly refusing to invest in U.S. companies and workers. “After receiving billions in taxpayer bailout funds, Wells Fargo should be rolling up its sleeves and looking for ways to save jobs–not leading the charge to eliminate some of the few good U.S. manufacturing jobs left,” said SEIU President Andy Stern.
Illinois State Treasurer Alexi Giannoulias upped the ante even further last week, threatening that “unless the company remains open, [Wells Fargo] will not be doing business with the state of Illinois any longer.”
The potential loss of the state’s $8 billion portfolio hasn’t resulted in the bank rescinding their threat of closure yet, but Giannoulias did have a brighter outlook to share with the packed factory cafeteria full of Hartmarx employees who endorsed the sit-in plan of action this morning. Giannoulias told the audience that he had spoken to Wells Fargo this morning, as well as one of the three bidders on the company, who he described as “enthusiastic about keeping this company going.”
Watch the YouTube video clip from Progress Illinois:
In late January, just days after Barack Obama had wore one of their suits at his inauguration, 122-year-old clothier Hartmarx, Inc. declared bankruptcy. Its main creditor, Wells Fargo, agreed to extend a $100 million debtor-in-possession loan to keep the company operating during the proceedings and, by early May, Hartmarx had attracted three potential buyers. According to reports, two of the bidders intended to keep the company intact (or perhaps even modernize it), while the third favored liquidating it. Word quickly spread that Wells Fargo, seeking a quick return, was leaning towards selecting the latter as its “stalking horse” bidder.
This news of a potential liquidiation caused workers, union leaders, and members of Congress to spring into action to aid the company, which employs 3,000 people nationwide, including 1,000 in Illinois. Rep. Phil Hare, who spent 13 years as a Hartmarx employee, described himself as “livid” at the bank, which accepted $25 billion in federal bailout funds. He went on to enlist the help of Rep. Barney Frank (D-MA) and Sen. Chuck Schumer (D-NY). Rep. Jan Schakowsky, whose great-aunt found a job with Hartmarx after emigrating from Russia, called Wells Fargo CEO John Strumpf and urged him to keep the company running. Illinois Treasurer Alexi Giannoulias, meanwhile, sent a letter to Strumpf threatening to sever the state’s business with the bank if Hartmarx was ultimately liquidated.
Andy Stern was present at the Financial Summit at the White House and recently was at the Healthcare Summit at the White House.
As an end note:
As Andy Stern states: The UNIONS are the solution…….are we to become a “Unionized” America?
Obama and Hilda Solis will insure the American Recovery Act workers will be UNION. “Green jobs” will be unionized.
The Employee Free Choice Act removes secrecy in balloting in deciding whether to unionize or not. Pressure and intimidation will reign freely at businesses across our nation. The SEIU will hire “security forces” to insure their consituents will stay in line……. as well as employees at businesses vote to unionize.
It may be as Glenn Beck stated: The SEIU, ACORN and the Obama administration are all about money and power and they’re all in it together.