Posts tagged investment fund
Shrinking unions grasp hold of power through ESG activism
May 11, 2026 // Under the ESG pretense, unions are pushing shareholder resolutions that would ditch secret-ballot elections at companies. That’s a key labor demand because it enables unions to harass and intimidate workers into publicly signing cards in favor of unionization. Unions also push shareholder resolutions ordering companies to adopt “non-interference policies,” ensuring a business can’t talk to its employees about the downsides of unionization. Practically, unions promote these policies in two significant ways. The simplest approach is to use their own pension funds, which invest hundreds of billions of dollars, to demand that the businesses they invest in adopt pro-union policies. Union officials are also appointed to pension boards, where they directly support activist investment strategies based on ESG. Public pension plans have great clout thanks to the trillions of dollars at their disposal, enough to take significant ownership stakes in banks or investment funds. Either approach lets organized labor push shareholder proposals that tilt the scales in unions’ favor.
Union Leadership Blasts State Plan to Invest Pension Fund in Connecticut Sun
September 22, 2025 // Earlier this month, Gov. Lamont floated the idea of using the state’s pension fund to invest in the Sun to keep it in the state. That build on reporting last month that the state was considering a plan to help keep the WNBA franchise in the state, despite offers from at least two NBA owners and the WNBA itself.
UAW Union Treasurer in $2.2M Embezzlement Gambled $16M at Greektown
April 3, 2022 // He was denied bail because of the judge’s concerns about his mental health and criminal history of violence.