Tense Moments in a Labor Power Struggle

A potentially ugly scene is averted at the last second as union-owned insurer ULLICO's CEO and chairman steps down under fire

The labor movement moved decisively on May 8 to begin cleaning up scandal-ridden ULLICO Inc., pressuring the union-owned insurer's CEO and chairman to resign and installing a new slate of directors. But the final hours involved fierce political maneuvering, with AFL-CIO officials showing up with their own security guards as the company's annual meeting got under way at a Washington (D.C.) hotel.

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