The International Brotherhood of Teamsters, writing on behalf of some...

The International Brotherhood of Teamsters, writing on behalf of some $50 billion in Teamsters-related pension funds that own Texaco stock, condemned the reported racial slurs by Texaco executives and called for specific recommendations involving Texaco's board of directors. The Teamsters letter calls for non-management directors to select a new independent firm with expertise in civil rights to investigate the racial case and for the entire board to consider making directors more directly accountable for misdeeds.