Tag Archives: Lobster 207

The Maine Lobstering Union says the CEO of Lobster 207 and his parents embarked ‘on a systematic scheme’ to enrich themselves.

A federal lawsuit is alleging that the former owners of a Trenton lobster wholesaler violated an agreement to leave the business and instead stole $1.94 million from the new owners. The suit, filed in Bangor federal district court, said that the Maine Lobstering Union bought a wholesaling business in Trenton from Anthony and Josette Pettegrow in early 2017. >click to read< 09:14

Lobstermen’s union says former CEO and his parents embezzled funds, committed fraud>click to read< 11:06

Lobster union fires co-op CEO

The Maine Lobster Union, Lobster 207, has fired longtime lobster dealer Warren Pettegrow as chief executive officer of its wholesale lobster co-op.
The firing was announced in an April 13 letter,,, According to the letter, Pettegrow’s employment as chief executive officer was “terminated” after “an internal investigation prompted by red flags reported by the company’s auditing team.” Reached for comment, Pettegrow emailed the following statement: “Lobster 207 circulated an announcement on April 13 that contains numerous false and defamatory statements about me and my conduct and loyalty to the lobstermen that I have worked with for many years. >click to read<

Why the U.S. Needs More Worker-Owned Companies

The gap in wealth in the United States between the ultrawealthy and everyone else has reached its widest point in decades. One way to narrow the divide is through the use of worker buyouts, in which ownership of a company transfers from a single person or a small number of people to the workers of the company. Currently, about 10% of Americans hold equity stakes in their workplaces.,,,  Worker buyouts are particularly likely to blossom in industries with organized workers who transition to union cooperatives. Last year 400 members of IAM Maine Lobstering Union bought the wholesale operation of Trenton Bridge Lobster Pound and turned it into a worker-owned cooperative called Lobster 207. >click to read<07:59