Ontario Teachers Pension and Union Drama

“We are concerned about the resignation of the two independent members”
at Barrick, Ontario Teachers’ Chief Executive Officer Jim Leech said Friday.

Ontario Teachers’ Pension Plan, Canada’s third-largest pension manager, is concerned about the “sudden” departure of two Barrick Gold Corp. independent directors.

The world’s largest gold company said Dec. 17 that Donald Carty and Robert Franklin resigned, less than two weeks after the miner announced a board shakeup following criticism of its corporate-governance practices, including by Canada’s largest pension funds.

Carty and Franklin were the directors who contacted investors and “appeared to have the mandate to drive the board rejuvenation” and address concerns raised by shareholders, Ontario Teachers’ Chief Executive Officer Jim Leech said in an interview today at the pension fund’s Toronto headquarters. Leech retires on Dec. 31 and will be replaced by Ron Mock, currently senior vice president of fixed income and alternative investments.

“We are concerned about the resignation of the two independent members” at Barrick, Leech said. The pension plan is “trying to determine what that all means at the present time before reacting.”  (more...)

Ontario Teachers’ Pension concerned with ‘sudden’ resignation of Barrick Gold directors

And union troubles south of the boarder:

Teamsters Call On Ontario Teachers' Pension Plan to Stop Abuse of U.S. Workers

Where teachers' unions have their own problems:

14 state teachers unions have almost $700 million in unfunded liabilities

Homeschoolers don't need to deal with this crap.