It's not because it's my pension that is being sued and I have no idea who is right. No, it's because I think this is exactly the sort of thing unions should be doing in the new era of watching corporate management with a careful eye, freed as we are from the '80s and '90s cult of managerial heroism as we are:
Union leaders have filed a $60 million lawsuit against managers of the $36 billion Ontario Municipal Employees Retirement System. They accuse OMERS of breaching members' trust, and allege three managers of the plan breached their duties and unjustly enriched themselves. The plaintiffs are Sid Ryan, Ontario president of the Canadian Union of Public Employees, and CUPE Local 4705 president Wyman MacKinnon. They are seeking a court order to have the managers pay the pension plan the sum of damages the plaintiffs allege in their statement of claim.From this morning's Toronto Star.