Showing posts with label financial disclosure by unions. Show all posts
Showing posts with label financial disclosure by unions. Show all posts

Monday, July 25, 2011

Bad Union


This writer uses the NFL's cancellation of the Hall of Fame game to blame unions. Oh, cancellation of the game and the economic consequences of the lockout are the union's fault. . . .
LMAO! Its a dreadful mis-mash of a piece in the Washington Examiner . . . .

Friday, July 22, 2011

NFL owners agree to a deal

The NFL's team owners have unanimously agreed to a proposed 10 year contract with the recertified NFLPA which should result in an end to the lockout and teams practicing by the week-end. New Orleans player representative Heath Evans cautions, the players' agreement is not certain. While it appears the economic issues are settled - the owners will not take a slice off the top anymore - Evans claims there are things included in the owners approved deal that the players have never discussed. Also, yesterday the August 7 Hall of Fame game was cancelled.

Saturday, March 12, 2011

Sacked! and the clock runs out

Surprised? I am. Expired collective bargaining agreement, decertification and probable lockout. No disrespect to the tragedy in Japan, but this is a metaphorical tsunami that can well damage all concerned. I think going forward it will be very difficult for the owners in both a court of law and the court of public opinion. The NFL/NFLPA Collective Bargaining Agreement expired because the players would not agree to extend it unless the owners provided the financial information the players had requested. The big sticking point in the negotiations is the owners insistence their costs have risen necessitating taking a second billion off the top of the revenue pie. (The owners want to take $2 billion of the roughly $9 billion in annual revenue generated by the league, before splitting the rest under a formula that provides roughly 60% to player compensation.) Yet the owners are only offering to provide limited access to financial information. This sounds like the typical discovery dispute - one side provides documents requested by the other side and after the production, the requesting party says it needs more. The real issue is hard to assess. Irrespective of the merits of what was produced and whether it was sufficient, I think owners will have a difficult time convincing anyone they provided all the financials the union needed.

Wednesday, December 30, 2009

Union free ramp up

Bloomberg has a good piece on corporate ramp up in advance of expected legislation to provide an easier path for organizing workers. As noted before, card check is dead, but quickie elections are a likely result of early action in 2010. Its a political necessity for Democrats to energize their labor base.

Friday, December 11, 2009

Labor opposes Cadillac tax

Unions are upping their pressure on Congress to eliminate the 40% tax on "Cadillac" health plans. Cadillac plans are currently defined as those with annual premiums over $8,500 for individuals and $23,000 annually for families.

Wednesday, October 14, 2009

Union financial disclosure rule rescinded

Unions with annual revenues exceeding $250,000 are required to file a detailed financial disclosure document, the LM-2, annually. The document requires disclosure of information on income and disbursements, including salaries and expenses paid to union officers and employees. The prior administration had promulgated a rule requiring changes to the form mandating more detailed disclosure. The current administration rescinded the new rule. The lengthy and interesting explanation for the rescission is here.