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  • The ULLICO scandal (Mcauliffe, Global Crossing)

    06/26/2003 9:50:42 PM PDT · by Bayou City · 11 replies · 772+ views
    The Washington Times ^ | June 22, 2003
    <p>Incorruptible labor legends Samuel Gompers and George Meany must be spinning in their graves. After becoming the first president of the American Federation of Labor (AFL) in 1886, Mr. Gompers founded the Union Labor Life Insurance Co. (now the major subsidiary of the ULLICO holding company) in 1925 in order to provide affordable insurance and other financial services to union members. Mr. Meany, who became the first president of the merged AFL-CIO in 1955 and served in that capacity for a quarter-century, worked inexhaustibly to eliminate corruption within the labor movement &#8212; which included expelling the Teamsters from the AFL-CIO in 1957. That same year, the AFL-CIO adopted a rule mandating the expulsion of any union official invoking the Fifth Amendment to avoid scrutiny in a corruption case.</p>