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AFL-CIO Now

Showing blog posts by Rob McGarrah

Sallie Mae CEO Agrees to Talks with Students on Loan Debts

Facing a barrage of challenges from AFT President Randi Weingarten and leaders of the United States Student Association (USAA), Sallie Mae CEO John Remondi today agreed to meet for talks on student loan debt.

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Mine Workers Square Off with Peabody Energy’s CEO

Mine Workers Square Off with Peabody Energy’s CEO

It was a great showdown Monday, April 29, under very tight security in Gillette, Wyo., with the Mine Workers (UMWA) members and Peabody Energy CEO Gregory Boyce. Five armed Campbell County police officers guarded entrances to the meeting. All UMWA proxy holders were admitted to the meeting room at Gillette College, while six environmental protesters were forced to sit in an "overflow" room, watching on closed-circuit TV.

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UAW VEBA-led Investor Group Reaches Agreement with Drug Companies on Executive Pay Clawbacks

In 2012, the federal government recovered $5 billion in settlements from drug companies that manufactured, marketed and sold products in violation of federal law.

Today, a coalition of 13 investors, led by the UAW Retiree Medical Benefits Trust, announced they had reached an agreement with six major companies to claw back executive pay when individuals in a company cause serious financial harm as a result of violating health care laws and company policies. 

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