Andy Stern, in a matter of months, has traveled as far as is possible from the labor movement, now toiling for a corporate raider who stands for everything labor fights against, HuffPost Hill reported today. He sits on the board or SIGA Technologies, a biowarfare company largely owned by corporate raider Ron Perelman, and was on the happy end of 25,000 stock options in June. If the HHS approves a huge contract SIGA is applying for, those options will be worth an awful lot of money. (They already are, by HuffPost Hill’s standards. But if SIGA gets the contract, they’ll be worth real money.)
But it gets worse! While Stern was head of SEIU, the union surprised the labor/capital world by endorsing the buyout of a Perelman company by the Blackstone Group. The cofounder of Blackstone is Pete Peterson, the guy waging a deficit jihad. Stern now sits on the deficit commission as one of the progressive voices. Ugh.