J
JohnPaulTwoToo
Guest
Here’s an item to kick off a discussion of corruption in teachers’ unions:
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In too many instances, teachers’ unions are as crooked as a shillelagh. In too many instances, unions’ elected officers and directors are as sedulously self-serving as a congressman or senator. In too many instances, officials at teachers’ unions earn enormously more than the teachers whom they represent.
In too many instances, teachers’ unions figuratively cohabit with insurance companies and brokerages to recommend high-cost, high-commission products that have low returns. Union officials would endorse the investment as well as the firm peddling it to the teachers. In return, the brokerage or insurance firms would enrich the union’s treasury, take union officials and their families on holidays, advertise in union publications, provide personal gifts and make myriad perks available on demand.
Teacher gets schooled on retirement plansAccording to the Buckeye Institute Report, the National Education Association collected more than $50 million in 2004 and $53 million in 2005 from annuities, life insurance and other financial products it endorsed.
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