important union messa g e

JOHN KASICH
PRESSURED OHIO PENSION OFFICIALS
TO CUT THE DEAL THAT COST
OUR PENSIONS $480 MILLION

AND THEN KASICH GOT A

$432,000 BONUS
Ohio AFL-CIO
395 E. Broad Street NONPROFIT ORG
Suite 300 U.S. Postage
PAID
Columbus, OH 43215
AFL-CIO

AFL10110

John Kasich John Kasich HELPED set up the deal

Profited
that cost our pensions $480 million.
His company’s toxic investment strategy cost Ohio
workers millions and put our retirements at risk.

From Our Loss HERE’S THE TRUTH:

KASICH PRESSURED Largest Bankruptcy Kasich Took Home

PENSION OFFICIALS
Kasich was hired to help drum up
business by Wall Street investment firm
Lehman Brothers. He used his political
connections to set-up meetings and try
to sell Ohio pension funds on his firm’s
risky investments.
[Torry, Jack. “Kasich Connected Pensions, Lehman.” The
Columbus Dispatch, 5/12/10]
in History
Lehman Brothers’ investments in
toxic subprime mortgages caused the
company’s massive collapse. It hurt
the whole economy, and it cost our
pensions $480 million.
[Hechler, David. “Lehman’s Fall: Have We Learned From it
Yet?” Corporate Counsel, 9/14/10; Ross, Brian. “Lehman
Had Long Relationship with Suspect Mortgage Brokers.” ABC
News, 9/15/08; “Ohio Pensions Took $480 Million Hit After
Lehman Collapse.” Associated Press, 4/19/10]
a $432,000 Bonus
While Ohio families dealt with layoffs,
foreclosures, and lost pensions, John
Kasich made out just fine. He was paid
a massive $432,000 bonus off of our
suffering. And he still won’t release his
tax returns to say just how much he
made at Lehman.
[Hallett, Joe. “Kasich Discloses Pay, Seeks to Quiet Critics.”
The Columbus Dispatch, 4/3/10]

How You Vote is a Personal Decision, but Your Union Has Endorsed
VOTE Tuesday,
Ted Strickland for Governor November 2nd