Posts tagged FINANCES
Unveiling Financial Transparency Failures in Labor Organizations
July 24, 2025 // In 2024 alone, the DOL recorded 177 union enforcement actions involving fraud, embezzlement, wire fraud, and falsified records. These are only the crimes that rise to the level of federal prosecution. Far more ethical violations, financial misuses, and questionable behaviors fall below the radar leaving union members in the dark and are quietly buried through internal repayments, hush resignations, or legal threats — all without any formal DOL investigation or public accountability. Despite 16 years as a union official, I did not become aware of the existence of LM-2 financial disclosure filings until our local filed a lawsuit against our state affiliate. Imagine that: even as a union president and past treasurer, I was unaware that both our state and national unions were required to submit LM-2 forms to the Department of Labor. If someone like me — deeply engaged in union governance — was kept in the dark, how can we expect average members to know their rights, much less exercise them?
Sources: FBI probes finances from business owned by MLBPA, NFLPA
June 4, 2025 // The OneTeam partnership has become a major financial boon for both associations and has grown in valuation as it added the players' unions of women's basketball, men's and women's soccer, and other sports and college athletes to its portfolio. OneTeam was valued at $1.9 billion in 2022, when RedBird Capital sold its 40% stake to three other investment firms. The MLBPA's and NFLPA's relationships with OneTeam have come under scrutiny before. In late 2024, an anonymous unfair labor practices complaint was filed with the National Labor Relations Board, alleging "nepotism, corruption, mismanagement" at the MLBPA.
CHICAGO TEACHERS UNION IGNORES OWN MANDATE FOR FINANCIAL TRANSPARENCY
February 26, 2024 // And it’s certainly not good legacy-building for Davis Gates, whose first year as union president has been tainted by deficit spending, decreased spending on members, personally cheating Indiana schools out of taxes owed to them and sending her son to a private school while denying that choice to low-income families. CTU’s bylaws require publication of an annual audit of finances, but there’s been no sign of an audit for at least four years CTU’s internal rules are clear: an annual audit must be performed and published each year.
Bernie Sanders | Senator argues for reduced working week due to advancements in AI
September 21, 2023 // Sanders, who is known for his progressive stance on labor issues, argued that as technology accelerates work processes, the benefits should be shared with laborers in the form of more paid time off. Sanders emphasized the mounting pressures faced by most Americans, including challenges related to parenting, housing, healthcare, and finances, which often lead to shortened life expectancies.
Tacoma Art Museum at leadership crossroads at a time when employees work to unionize
December 27, 2022 // Employees began their union efforts last spring and announced in October they were organizing. They invited TAM’s board to voluntarily recognize their union, TAM Workers United (TAMWU). The board declined. In a statement, TAM’s board acknowledged that its staff has legitimate grievances over personnel management and workplace equity.