The rise of the working-class shareholder
Subtitle: labor's last best weapon
By: David Webber
Published: 2018
Language: eng
Number of pages: 331
ISBN-13: 9780674972131
Copyright date: 2018
Subjects: Industrial relations; Stockholders; Pension trusts; Labor economics; Economic conditions; Labor unions; Working class; Investments; Political activity
Description: David H. Webber shines a light on labor's most potent remaining weapon: its multitrillion-dollar pension funds. Outmaneuvered at the bargaining table and in the courts, state houses, and Washington, worker organizations are beginning to exercise muscle through markets. Shareholder activism is a rare good-news story for America's working class.--
Notes: Includes bibliographical references (pages 261-318) and index.
Table of contents: title: Safeway : changing the math; title: The new suffragists : the fight for meaningful corporate elections; title: The silence of the lions : reining in hedge funds and private equity; title: Checks and imbalances : saying no to the imperial CEO; title: The people's lobbyists versus private equity; title: The new sheriffs of Wall Street : working class shareholders fight fraud; title: The law of fiduciary duty and the risk of capture : in whose interests should these funds invest, anyway?; title: The retirement "crises" and the future of labor's capital : the Koch et al; title: Offensive against working class shareholders.