www.goiam.org
Friday, April 19, 2002
Labor
Leads Fight to Oust
Lockheed Director
The battle to prevent Enron Corp. board member Frank Savage from
being reelected to the Lockheed Martin Corp. board of directors is
shaping up to be one of the largest labor-led shareholder revolts
against a management nominated director in history.
Last week's
recommendation by a major investment research firm was the latest blow
to the controversial nomination by Lockheed CEO Vance Coffman.
Institutional Shareholder Services (ISS) advised clients to withhold
their vote for Savage due to his performance at Enron and pending
lawsuits by shareholders, investors and former Enron employees.
"It will be hard for any
responsible fund manager to justify a vote for Frank Savage after his role in
the collapse of Enron," said Tom Buffenbarger, president of the International
Association of Machinists and Aerospace Workers (IAM).
The nation’s largest
public pension fund, the California Public Employees’ Retirement System (CalPERS),
publicized it is withholding its vote for Savage. Funds in Ohio, New Hampshire,
Florida and New York City joined the call for the removal of Savage from the
Lockheed board. Money managers Barclays and Lazard also decided to withhold
their votes.
‘Fighting
Machinists’ Never Quit
Retired GVP Ross Mathews (center with
cane) joins the Local 709 picket line against Lockheed Martin in Marietta,
GA. |
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Those pampered CEOs and feather merchants at Lockheed Martin could learn
valuable lessons from retired IAM GVP Ross Mathews---and they won’t have
to travel far to find him. They can find him on the picket line just
outside the company’s facility in Marietta, GA.
“I wanted to come and
support my brothers and sisters on the line,” declared the 93-year-old Mathews,
who came to show solidarity with striking members of Local 709, who’ve been on
strike since March 11.
It was not his first time
on the line in Marietta. “I was assigned to the strike here in 1958,” he said.
“We worked hard during that strike, too.” His typically IAM militancy won new
admirers. “The more he walks, the stronger he gets,” marveled Local 709 striker
Carolyn Hill. “It’s so inspirational to us to have him here.”
Mathews retired as GVP of
the Northeast Territory in 1972.
Equal Pay Day
Demands Paycheck Fairness
A coalition of unions, political leaders
and women’s organizations joined together on April 16—Equal Pay Day—to
demand legislation that removes the gender gap in pay rates and ensures
that women receive equal pay for equal work, notes Cheryl Eastburn, who
heads the IAM Women’s Department. April 16 marks the day when women’s
wages finally catch up to men’s wages from the previous year. In 2001,
the average woman worker was paid 73 cents for every dollar a man was
paid.
“The wage disparity is
unjust—it’s unfair—and we are determined to close the gap,” pledged Linda
Chavez-Thompson, AFL-CIO executive vice president. At a Capitol Hill press
conference, Chavez-Thompson and other coalition members urged Congress to pass
the Paycheck Fairness Act, sponsored by Senate Majority Leader Tom Daschle,
D-SD, and Rep. Rosa DeLauro, D-CT.
Senate Drills White House Energy Plan
Eight Senate Republicans broke party ranks and joined a Democratic
majority in voting against President Bush’s plan to drill for oil and
gas in Alaska’s Arctic National Wildlife Refuge (ANWR). The ANWR ploy
was part of a comprehensive energy plan worked out in closed meetings
between Vice President Dick Cheney and industry executives.
Critics of the
administration’s energy scheme decried those secret meetings and have demanded
records be made public. After initial stonewalling, the White House has released
some of the documents.
Yesterday’s decisive
54-46 vote dealt a heavy blow to an administration basking in high poll
ratings.
West Coast Governors on GOIAM.ORG
Three West Coast governors – John A.
Kitzhaber, Gary Locke and Gray Davis -- were interviewed recently on the
IAM’s Third Shift program. Jobs, healthcare and college costs were some
of the issues affecting working families that the governors addressed.
To see these Third Shift
interviews please click on the links below:
http://216.211.131.3/iamaw/video.ram?c=2931 Governor Kitzhaber
http://216.211.131.3/iamaw/video.ram?c=2930 Governor Locke
http://216.211.131.3/iamaw/video.ram?c=2932 Governor Davis.
These
videos require RealPlayer software. Click
here to download a free version of RealPlayer.
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