Posts tagged hostile takeover
Commentary: Biden pursues organized labor’s agenda through regulation
March 14, 2024 // The OSHA “walkaround” rule flies in the face of a regulation that stipulates that people who accompany an OSHA inspector must be employed by the company under inspection. Under the proposed rule, OSHA representatives would have to simply state that a union official was “reasonably necessary” to the inspection to bring that individual to the site. The walk-around rule presents an opportunity for union organizers to collect information or otherwise infiltrate nonunion workplaces, a clear attempt by OSHA to give unions a leg up in organizing drives. Another example is the Securities and Exchange Commission’s universal proxy rule, which forces companies to include management and dissident shareholder nominees on a single proxy card in contested elections. The rule enabled a coalition of our nation’s largest and most militant unions to extract new concessions from Starbucks by threatening to mount a hostile takeover attempt of the coffee company’s board. Unions will continue to exploit the universal proxy rule to bring other publicly traded companies to the table with threats of a hostile takeover.
Chaos in one of California’s largest government unions as VPs lock out Local 1000 president Read more at: https://www.sacbee.com/news/politics-government/the-state-worker/article258884048.html#storylink=cpy
February 28, 2022 // “Troubling patterns emerged with Brown’s actions that dismantled both transparency and democracy that members expect,” the vice presidents said in the letter. “Due to his actions, the three Vice Presidents had no alternative but to promptly step in to restore fiscal prudence, board oversight, democratic procedures, and the proper delegation of officers’ duties all required for our members’ benefit.”