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<blockquote data-quote="EyesLookingIn" data-source="post: 884963" data-attributes="member: 29664">Great post from Hondo,Thinking out loud in layman&#039;s terms: if in fact L805 was &#039;near bankruptcy&#039;, I imagine the General President of the IBT would have taken action, possibly even placed it in the hands of appointed trustees.I assume you are referring to the drop in the L805 general fund &#039;total assets&#039; from $2M to $300K from 2005 to 2010 (Ms. Pope&#039;s tenure as principal officer). Her campaign literature says she decided to run for office in her local when the incumbents were rolling over on health care cost concessions and employers ceasing pension contributions. To paraphrase her &quot;I&#039;m not going to apologize for spending the member&#039;s money to benefit them&quot;. Overall it appears she has been pretty successful for her members. Otherwise, what are the assets there for? To keep paying officers/staff until finally the members&#039; contracts are so weak they&#039;re better off working for Walmart and the local gets dissolved?Let&#039;s compare her tiny local with another little local (and if you look through the reports, you&#039;ll see there are many, many small Teamster locals):File # | Fiscal Year | Affiliation/Organization Name |Total Assets |Total Liabilities |Total Receipts |Total Disbursements| Membership<table style='width: 100%'><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td>�<tr><td></td><td>019-050</td><td>2010 Report</td><td>TEAMSTERS LOCAL UNION 614</td><td>$574,504</td><td>$548,429</td><td>$743,015</td><td>$748,426</td><td>1,429</td></tr><tr><td></td><td>001-507</td><td>2010 Report</td><td>TEAMSTERS LOCAL UNION 805</td><td>$308,103</td><td>$10,417</td><td>$1,269,746</td><td>$1,244,969</td><td>1,069</td></tr></table><ul>
<li data-xf-list-type="ul">Local Total Assets Total Liabilities Net</li>
<li data-xf-list-type="ul">L614 $574,504 - $548,429 = $26,075</li>
<li data-xf-list-type="ul">L805 $308,103 - $10,417 = $297,686</li>
</ul>If you are going to look at a union&#039;s assets; I think liabilities (and the net) should also be considered. On that basis, 805 sure looks better than 614.Now, who&#039;s Local is 614? Hint: he declined to participate in the IBT candidate forum and sent a stand-in. ITS HOFFA&#039;S LOCAL.</blockquote>

[QUOTE="EyesLookingIn, post: 884963, member: 29664"] Great post from Hondo, Thinking out loud in layman's terms: if in fact L805 was 'near bankruptcy', I imagine the General President of the IBT would have taken action, possibly even placed it in the hands of appointed trustees. I assume you are referring to the drop in the L805 general fund 'total assets' from $2M to $300K from 2005 to 2010 (Ms. Pope's tenure as principal officer). Her campaign literature says she decided to run for office in her local when the incumbents were rolling over on health care cost concessions and employers ceasing pension contributions. To paraphrase her "I'm not going to apologize for spending the member's money to benefit them". Overall it appears she has been pretty successful for her members. Otherwise, what are the assets there for? To keep paying officers/staff until finally the members' contracts are so weak they're better off working for Walmart and the local gets dissolved? Let's compare her tiny local with another little local (and if you look through the reports, you'll see there are many, many small Teamster locals): File # | Fiscal Year | [SIZE=2]Affiliation/Organization Name |Total Assets |Total Liabilities |Total Receipts |Total Disbursements| Membership[/SIZE] [TABLE="class: cms_table"] [TR] [/TR] [TR] [TD="class: cms_table_ERDS-form-label-plain"][/TD] [TD="class: cms_table_ERDS-form-label-plain"]019-050[/TD] [TD="class: cms_table_ERDS-form-label-plain"]2010 Report[/TD] [TD="class: cms_table_ERDS-form-label-plain"]TEAMSTERS LOCAL UNION 614[/TD] [TD="class: cms_table_ERDS-form-label-plain, align: right"]$574,504[/TD] [TD="class: cms_table_ERDS-form-label-plain, align: right"]$548,429[/TD] [TD="class: cms_table_ERDS-form-label-plain, align: right"]$743,015[/TD] [TD="class: cms_table_ERDS-form-label-plain, align: right"]$748,426[/TD] [TD="class: cms_table_ERDS-form-label-plain, align: right"]1,429[/TD] [/TR] [TR] [TD="class: cms_table_ERDS-form-label-plain"][/TD] [TD="class: cms_table_ERDS-form-label-plain"]001-507[/TD] [TD="class: cms_table_ERDS-form-label-plain"]2010 Report[/TD] [TD="class: cms_table_ERDS-form-label-plain"]TEAMSTERS LOCAL UNION 805[/TD] [TD="class: cms_table_ERDS-form-label-plain, align: right"]$308,103[/TD] [TD="class: cms_table_ERDS-form-label-plain, align: right"]$10,417[/TD] [TD="class: cms_table_ERDS-form-label-plain, align: right"]$1,269,746[/TD] [TD="class: cms_table_ERDS-form-label-plain, align: right"]$1,244,969[/TD] [TD="class: cms_table_ERDS-form-label-plain, align: right"]1,069[/TD] [/TR] [/TABLE] [LIST] [*][U]Local[/U] [U]Total Assets[/U] [U]Total Liabilities[/U] [U]Net[/U] [*]L614 $574,504 - $548,429 = $26,075 [*]L805 $308,103 - $10,417 = $297,686 [/LIST]If you are going to look at a union's assets; I think liabilities (and the net) should also be considered. On that basis, 805 sure looks better than 614. Now, who's Local is 614? Hint: he declined to participate in the IBT candidate forum and sent a stand-in. ITS HOFFA'S LOCAL. [/QUOTE]

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