Assuming workers were allowed to take their now frozen 401k savings and invested $50,000 on Lee and Man stock at the Hong Kong Stock exchange when the mill closed in October 2008, the 31,840 shares you would own would have net worth of $170,981. Anyone out there know the Hong Kong Stock exchange difference in American dollars?
So that is where all the money went? To inflate the worth of parent company Lee and Man? And they leave workers with nearly $500,000 in medical bills they were in agreement of paying? Criminal. We need rules that protect worker rights!
Celebrate Marge Wallan’s Life - Marjorie Elaine (Cook) Wallan passed away on December 2, 2016.
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