MELTING POT Two little decimal places
Oct 26, 2007 | 10:34 AM
It's no surprise that the United Steelworkers union and the conservative editorial board of the Wall Street Journal rarely see eye to eye, but the bad blood got even worse recently when the newspaper blasted Senate Democrats for voting to cut the budget of the Office of Labor Management Standards, which monitors union corruption.
The part of the opinion piece that really ruffled the union's feathers was a passage claiming that union leaders are not members of the working class, citing $825,262 in union compensation to USW member Jimmy Warren. "These are fellows who think CEOs are overpaid," the editorial said. One small problem, or maybe a giant whopper for a newspaper that claims the U.S. financial reporting crown Warren actually received $8,252.62. The Journal ran a correction in a subsequent issue, but the USW wants an apology for the "mean-spirited" editorial. "The troubling fact remains that one of the world's most widely read financial journals has displayed irresponsibility with regard to fact-checking that insults its readers, to say nothing of the paper's obvious contempt for working men and women," the USW said. The odds of the USW getting an apology, however, are about as likely as Journal columnist Peggy Noonan being invited to speak....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.