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Hold the management of labor unions to no ethical standards.
FORBES: Ben Stein
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Honeywell is also the No. 1 corporate PAC donor to Democrats and, overall, the No. 10 donor, behind eight labor unions and a group of trial lawyers.
WSJ: Honeywell Takes the Lead in Political Giving
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Of course, proposing few initial layoffs has a strategic purpose--helping the deal gain regulatory approval and backing from labor unions: A proposal that calls for no hub closings and little job loss takes away a common objection.
FORBES: Long-Haul Investing