The daily business briefing: November 21, 2019

UAW president resigns as union accuses him of corruption, China tensions rise as Hong Kong rights bill passes, and more

A protester in Hong Kong
(Image credit: Anthony Kwan/Getty Images)

1. UAW president resigns after union accuses him of embezzlement

Gary Jones resigned as president of the United Auto Workers on Wednesday after the union moved to oust him and another official under the cloud of a broadening federal corruption investigation. The resignation came two months after The Detroit News linked Jones to a federal investigation into an alleged conspiracy to embezzle more than $1 million in union dues to spend on personal luxuries. Jones has not been charged with any crime. Jones' lawyer, Bruce Maffeo, said Jones made the decision to step down after "much discussion with family and friends," because he believed that staying "will only distract the union from its core mission to improve the lives of its members and their families." Maffeo said Jones decided to go before learning the union had filed internal charges accusing him of falsifying expense records.

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