The customer is always right.
As Ben Smith reported at Politico last week, several large labor unions are questioning investment fund managers about their stance on the Employee Free Choice Act:
"Has your company made any public statements in support or opposition to EFCA?" asks one of nine pointed questions in a polite, detailed four-page questionnaire.
"If 'Yes,' please explain."
The detailed questionnaire has three parts. The first asks about fund managers' public positions, lobbying and political contributions. The second asks managers to "disclose any relationships during the past five years between your company and any organization(s) opposing the passage" of EFCA. The form lists 14 organizations, from anti-EFCA organizations like the Workforce Fairness Institute to trade groups that oppose it, like the U.S. Chamber of Commerce and the Roundtable.
Here's a pdf file of the questionnaire. More on the whining after the jump.Continue Reading...