We Once Jailed CEOs for Their Crimes. Remember?

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

Jeffrey Skilling, the ex-CEO of the now-bankrupt energy giant Enron, has got to be steaming. Skilling helped Enron soar high up in the Fortune 500, then sank into infamy when his company went bankrupt in 2001 amid revelations of widespread fraud. Five years later, a federal judge sentenced Skilling to 24 years in prison. Last week, federal authorities released the 64-year-old to a halfway house, the first step to outright release. Enron’s collapse cost shareholders billions and employees their life savings. Skilling personally has had to pay $45 million in fines and over $75 million in legal fees — and his 20-year-old son died while he was serving his time. But Skilling has yet another reason to fume. None of the top CEOs responsible for the fraud that ushered in the 2008 financial crash — and wreaked much more havoc on America than Enron — has yet faced a day behind bars and, notes federal judge Jed Rakoff, likely never will.
 
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Sam Pizzigati edits Too Much, the online weekly on excess and inequality. He is an associate fellow at the Institute for Policy Studies in Washington, D.C. Last year, he played an active role on the team that generated The Nation magazine special issue on extreme inequality. That issue recently won the 2009 Hillman Prize for magazine journalism. Pizzigati’s latest book, Greed and Good: Understanding and Overcoming the Inequality that Limits Our Lives (Apex Press, 2004), won an “outstanding title” of the year ranking from the American Library Association’s Choice book review journal.

Posted In: Union Matters

Union Matters

Human Service Workers at Persad Center Vote to Join the USW

From the USW

Workers at Persad Center, a human service organization that serves the LGBTQ+ and HIV/AIDS communities of the Pittsburgh area, voted last week to join the United Steelworkers (USW) union.

The unit of 24 workers, ranging from therapists and program coordinators to case managers and administrative staff, announced their union campaign as the Persad Staff Union last month and filed for an election with the National Labor Relations Board (NLRB).

“We care about our work and the communities we serve,” said Johanna Smith, Persad’s Development, Communications, and Events Associate. “We strongly believe this work and our connections to our clients will only improve now that we will be represented by a union.”

The Persad workers join the growing number of white-collar professionals organizing with the USW, especially in the Pittsburgh region. Their membership is also in line with the recent work the Steelworkers have been doing to engage LGBTQ+ members and improve contract language regarding issues that affect their lives.

“Workplaces are changing and evolving, and the labor movement is changing and evolving along with that,” said USW Vice President Fred Redmond, who oversees the union’s LGBTQ+ Advisory Committee as well as the USW Health Care Workers Council. “This campaign gives us an opportunity to diversify our great union while uplifting and empowering a group of workers who give their all for others.”

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There is Dignity in All Work

There is Dignity in All Work