Thursday July 29, 2004 |
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Obama Calls For A United America Studies Attack Bush Overtime Revisions
Warren L. Mart Lee Pearson Dave Ritchie Robert V. Thayer Robert Roach, Jr. Lynn Tucker Robert Martinez James Brown |
Convention Speakers Deliver Positive MessageIAM delegates at the 2004 Democratic National Convention in Boston rose to their feet again and again this week to cheer speakers who pledged a positive campaign in the race to retake the White House. “The speeches were very passionate and sincere,” said Melvin Montford an IAM member of Local W369 and alternate delegate from North Carolina. The call to political arms was frequently cradled in eloquence. Former Presidents Bill Clinton and Jimmy Carter gave speeches that many said were among the best of their careers. “We all want good jobs, good schools, health care, safe streets, a clean environment,” said Clinton, recalling middle-class issues that mattered before homeland security overtook the political landscape. North Carolina Senator John Edwards accepted the vice presidential nomination on Wednesday night, telling the crowd over and over: “Hope is on the way.” Edwards drew the loudest applause when he promised to reject “hateful” politics and pledged to work with Sen. Kerry toward healing the racial divide that still exists in the United States. Earlier in the week, the delegates heard from Illinois senatorial candidate Barak Obama, who delivered a keynote address that cemented his status as a rising star in the Democratic Party. Obama called on all Americans to help those in need. “I say to you tonight: we have more work to do. More to do for the workers I met in Galesburg, IL, who are losing their union jobs at the Maytag plant that’s moving to Mexico, and now having to compete with their own children for jobs that pay seven bucks an hour.” Among the convention’s most memorable moments was the appearance of 13-year old Ilana Wexler, the founder of Kids for Kerry, who chided Vice President Dick Cheney for swearing on the floor of the U.S. Senate. “I think he should be put in a timeout,” said Wexler, who then designated Sept. 21 “National No Name Calling Day.” IAM Files Suit Against Top UAL OfficersThe IAM today filed a complaint in United States District Court for the Northern District of Illinois charging United Airlines (UAL) officers with a breach of fiduciary duty in electing not to fund employee pension plans. The airline announced on July 23 that it would no longer fund pension plans due to terms it negotiated for new Debtor in Possession (DIP) financing. The IAM’s complaint follows a warning from the Pension Benefit Guaranty Corporation to United that, “any such covenants would be inconsistent with ERISA and the Internal Revenue Code and contrary to public policy.” Named as defendants in the suit are UAL Chief Executive Officer Glenn Tilton, Chief Financial Officer Frederic F. Brace, Chief Operating Officer Peter McDonald and the Pensions and Welfare Plans Committee of United Airlines, Inc. “As fiduciaries of the pension plans, the defendants had a responsibility to compel United to meet its funding obligations,” said Robert Roach, Jr., IAM General Vice President of Transportation. “Clearly, they failed. The IAM has a responsibility to utilize all possible measures to protect the interests of our members. We will not fail.” The IAM is seeking judgment against Tilton, Brace and McDonald for the amount owed the pension plans by United Airlines and a court order requiring the three UAL officers to administer the pension plans, including the funding obligation, in accordance with the plans' governing documents, IRS regulations and the Employee Retirement Income Security Act (ERISA). Additionally, the IAM seeks to require the defendants to take all necessary steps to secure funding from any available source to meet the plans’ funding requirements. “United Airlines must get the message that they cannot abandon employee benefits at will,” said IAM District 141 President Randy Canale. “They will not be allowed to continue their slash and burn approach to restructuring without realizing serious consequences.”
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