In 1997, Gary Winnick, founder of telecommunications company Global Crossing, gave ULLICO officers and directors the chance to buy shares of his new company at substantially lower prices than offered to the public.
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In a hastily organized board meeting late on April 23, 2003, Sweeney, board member Terence M. O'Sullivan, Jr. (president of the Laborers' International Union of North America) and Edwin D. Hill (president of the International Brotherhood of Electrical Workers) nominated a reform slate of 13 new board members.
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