A company managed by the wife of Republic Windows and Doors owner Richard Gillman recently purchased an Iowa plant that manufactures similar products, according to public records.This is emblematic of the heartwarming story of lifestyles of the rich and blameless:
Gillman has come under fire in recent days for abruptly closing Republic's Goose Island plant and refusing to provide workers there with the 60 days notice and pay required by federal labor law.
Echo Windows and Doors was created two weeks ago and lists Sharon Gillman as its manager, according copies of records obtained by the Daily News from the Iowa Secretary of the State. According to Cook County property tax records, Sharon Gillman is Richard Gillman's wife.
The couple purchased a $2.6 million Oak Street condo together in 2007, according to property records.
The Los Angeles Times covers the story through the lens of the disconnect between Main Street and Wall Street:While it wouldn't resolve the unethical behavior of people that run businesses in the same way as people like the Gillmans, single payer universal health care would help mitigate some of the inhumanity of it.Here, in this corner of the recession, the standoff between the workers and Bank of America has quickly evolved into a symbol of the divide between the financial rescue plans for Wall Street and Main Street.
and:When they heard the news, some workers were furious. Others cried. Rangel panicked. His wife had been sick for weeks and had recently seen the family physician.
"I got a call from the doctors. The insurance company said they won't pay because the company canceled all our policies and didn't tell us," Rangel said. "I have a mortgage. I have a child. What do we do if he gets sick?"
[update] In comment, from RBA at ePluribus Media:
So it turns out BofA may have been right in the first place: it's Republic's problem. Even so, BoA is 'extending credit' to Republic for the employees. 'Journamalism'. Gotta love it. Another story that got phoned in without deep background on the principals.Get the feeling that BoA's new found interest in extending credit lies in a mix of CYA with the PR and wanting to be able to reason continuing business with the Gillmans and Ecko in Iowa? (Just taking a guess there...)
If it simply came down to the PR aspect I can't see them doing it. There has to be more of a profit motive behind it, IMHO. And YES! I am cynical. lol