UNO CEO Juan Rangel // Brian Jackson~Sun-Times
The Chicago Sun-Times "Watchdogs" stories about the United Neighborhood Organization have raised worries among investors in bonds issued for UNO's charter schools.
Wall Street executives fired questions at UNO CEO Juan Rangel and the group's finance director, Kathy McIntyre, during an "investor update call" on March 27. Here are some of the highlights of the hour-long conference call:
Steven Levy of Prudential Financial asks Rangel about the resignation of UNO's No. 2 executive, Miguel d'Escoto, after Sun-Times reports on state grant money that went to companies owned by two of d'Escoto's brothers.
Levy asks how UNO can afford to allow its teachers to join a union.
Rangel says a new teachers union for UNO teachers is a good idea.
A month before the state suspended grant funding to UNO, Rangel said he though state officials would continue to fund a half-built charter high school on the Southwest Side.