This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Boeing Battle Drives Election Challenge to Veteran Union President

The union has operated an airplane since 1978. To demonstrate why the plane is needed, Buffenbarger detailed his activities last weekend. Between Saturday morning and Sunday night, Buffenbarger said, he attended a union rally in Fort Rucker, Ala.; a Wichita, Kansas meeting with union negotiators preparing to bargain on a merger agreement with Beechcraft, and a meeting with the union's Missouri State council in Jefferson City, Mo., before returning home to Maryland late Sunday night.

The Learjet 60 holds six passengers and is used by various union officials, solely for union business.

Cronk announced on Nov. 18, 2013, that he would run for union president. A week later, he was fired from his post as the union's transportation coordinator. Cronk maintains he was fired because he was running for president, but his career as a union executive was already deteriorating, Buffenbarger indicated.

 Buffenbarger said Cronk's job involved transportation organizing, but Cronk "never won a campaign in four or five years there." Rather, organizing campaigns at Northwest and Delta (DAL) failed and flight attendants at United (UAL - Get Report)  left the IAM for the Association of Flight Attendants. Since Cronk was demoted, the IAM had regular successes including fighting off a Teamster effort to unionize US Airways mechanics, Buffenbarger said.

Cronk, however, said his principal job as transportation coordinator was simply to implement a superior's directions. During his tenure, Cronk added, IAM successfully won representation elections for about 15,000 United fleet service workers and agents. "The fact is I was fired because I believe in a novel idea: democratic elections within the IAM," he said.

The IAM election is being overseen by the Department of Labor because Karen Asuncion, a veteran United employee and a candidate for one of eight IAM general vice president slots, complained in January that some individual members were not properly informed that nominations were open. Subsequently, the union mailed election notices to each of its 577,000 members, including 332,000 active members, saying voting will take place at the first local lodge meeting in April.

The IAM has more than 1,000 local lodges. Voting at Boeing Local 751 in Everett begins today.

Must Read: Wall Street Bets on GM as Mary Barra Prepares to Face Congress

-- Written by Ted Reed in Charlotte, N.C.

To contact this writer, click here.

Follow @tedreednc

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BA $130.89 -1.21%
UAL $45.55 -3.35%
AAPL $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.70 0.48%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs