Worse than Stern using his position of power gained through forced unionism to join the SIGA board, Stern used his forced-dues-financed political power and access to Obama to bring a $2.8 billion no-bid contract to SIGA that helped pump up the value of his newly acquired stock options at SIGA.
The House Oversight Committee (Chairman Darrell Issa) is currently looking into this backroom insider deal that smells like the kind of deals that Obama promised to end on his first full day in office.
For more on this story see LaborUnionReport’s article in Red State:
Many were perplexed at his move from the avante garde of Marxist unionism to the neo-bourgeoisie of crony capitalism. However, it soon became apparent when SIGA’s CEO, Eric Rose, cooed upon Stern’s arrival:
Andy is a strong leader and a great addition to our Board of Directors. His insight, experience, and leadership, particularly his understanding of how our federal government works, will complement the skill sets of our existing board members.
Shortly after Stern joined SIGA’s board, his understanding of how the federal government works paid off for SIGA when the bio-warfare firm received a no-bid contract valued up to $2.8 billion. Of course, that was before the mid-term election, when Democrats still believed they were accountable to no one except union bosses