Mad At Auto Execs And Their Perks? UAW To Retreat Over Holidays To $33M Course THEY OWN!
Agent001 submitted on 12/26/2008 Official Bell & Ross Timestamp: 7:39:30 PM
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Even as the industry struggles with massive losses, the UAW brass continue to own and operate a $33 million lakeside retreat in Michigan, complete with a $6.
4 million designer golf course. And it's costing them millions each year.
• Click here to see photos of the UAW's $33 million retreat.
The UAW, known more for its strikes than its slices, hosts seminars and junkets at the Walter and May Reuther Family Education Center in Onaway, Mich., which is nestled on "1,000 heavily forested acres" on Michigan's Black Lake, according to its Web site.
But the Black Lake club and retreat, which are among the union's biggest fixed assets, have lost $23 million in the past five years alone, a heavy albatross around the union's neck as it tries to manage a multibillion-dollar pension plan crisis.
Critics call it a resort for union leaders that wastes money from union dues.
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