Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

FAST MONEY FEATURES

PollFast Money PollsFAST MONEY POLL
Get in the post game.  Respond to our "Question of the Day" right now.




Full ShowFull ShowFULL SHOWS
Missed an episode of Fast Money?  Watch the lastest show here.




Trade SchoolTRADE SCHOOL
Grab a pencil because school is in session and the Fast Money traders are teaching class.



PodcastFM PodcastsFAST MONEY PODCASTS
Download Fast Money onto your MP3 Player.




FM WIDGETFAST MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




ShopSHOP FOR FAST MONEY MERCHANDISE
Get your game on with Fast Money gear.




Wanna See Our PhotosFAST MONEY PHOTOS!
Check out our scrapbook.  These "pix" are guaranteed winners.




SignupNewsletterNEWSLETTER
Sign up and receive a recap email every Friday after the show!





FM Mobile AlertFAST MONEY MOBILE ALERTS
Get advanced information about the next Fast Money.



Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
Text Size
Sep.17
5:51 PM ET
Thursday, 17 Sep 2009
In-Depth Q&A With Nation's Most Powerful Union

As you might have seen on TV, Karen Finerman sat down with Teamsters president James Hoffa and asked the union chief some pretty tough questions.

And he answered every single one quite candidly.

Keep reading to find out about the major issue that has Hoffa ready to do battle in the Senate.

And on the following pages learn:
-Why unions are not to blame for the collapse of the auto industry.
-How unions may increase shareholder value.
-If the union has substantial influence at the White House.
-Why Hoffa calls his trip to China “eye-opening.”
-The first words that come to mind when Finerman says power and greed.

Hoffa’s Number One Priority:

“Employee Free Choice Act”

FINERMAN: So you talk about free choice. And one of your biggest legislative priorities has been the Employee Free Choice Act. And there’s been a lot of spin and a lot of confusion as to what is it really. Tell us in your own words, what is the Employee Free Choice Act?

HOFFA: Well it’s basically ‘card check’. It’s basically if you get a majority of people signed up – just like Canada, just like 70 other democracies in the world have ‘card check’, you take that to the employer – he recognizes you. You also have a provision in there with regards to arbitration on the first contract to make sure that the employer can’t stonewall you, you get a contract. This is basically what it is. They have it in Canada, it works. It works everywhere. So, why don’t we have it here?

FINERMAN: Well I ‘ve been seeing recently there are articles in the press saying that labor might be willing to compromise on some aspects of the Free Choice Act. Is that true? And if so, why now?

HOFFA: We’re not feeling that way. There was a certain article where it said other labor leaders are doing that. We think we’ve got to hold the feet to the fire of the people in the Senate. The battle’s in the Senate, it’s not in the House. If we don’t get it done this time, when are we gonna get it done? Next year it will be an election and they’ll say ‘This is not the time to do it.’ So we want to keep the feet to the fire of the politicians involved and try and get something that’s very very meaningful. And we’ll see where we’re at. But every day we’re working on this, and this is the number one priority of labor.

CONTINUED
1 | 2 | 3 | 4 | 5 | 6 | Next >

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 12:56:54 25 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 10:38:04 25 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 11:10:59 25 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 10:38:05 25 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters