The Rise of the Working-Class Shareholder : : Labor’s Last Best Weapon / / David Webber.
When Steven Burd, CEO of the supermarket chain Safeway, cut wages and benefits, starting a five-month strike by 59,000 unionized workers, he was confident he would win. But where traditional labor action failed, a novel approach was more successful. With the aid of the California Public Employees’ R...
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Place / Publishing House: | Cambridge, MA : : Harvard University Press, , [2018] ©2018 |
Year of Publication: | 2018 |
Language: | English |
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Webber, David, author. aut http://id.loc.gov/vocabulary/relators/aut The Rise of the Working-Class Shareholder : Labor’s Last Best Weapon / David Webber. Cambridge, MA : Harvard University Press, [2018] ©2018 1 online resource (310 p.) : 1 graph text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Contents -- Preface -- 1. Safeway -- 2. The New Suffragists -- 3. The Silence of the Lions -- 4. Checks and Imbalances -- 5. The People’s Lobbyists versus Private Equity -- 6. The New Sheriffs of Wall Street -- 7. The Law of Fiduciary Duty and the Risk of Capture -- 8. The Retirement “Crises” and the Future of Labor’s Capital -- Notes -- Acknowledgments -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star When Steven Burd, CEO of the supermarket chain Safeway, cut wages and benefits, starting a five-month strike by 59,000 unionized workers, he was confident he would win. But where traditional labor action failed, a novel approach was more successful. With the aid of the California Public Employees’ Retirement System, a $300 billion pension fund, workers led a shareholder revolt that unseated three of Burd’s boardroom allies. In The Rise of the Working-Class Shareholder: Labor's Last Best Weapon, David Webber uses cases such as Safeway’s to shine a light on labor’s most potent remaining weapon: its multitrillion-dollar pension funds. Outmaneuvered at the bargaining table and under constant assault in Washington, state houses, and the courts, worker organizations are beginning to exercise muscle through markets. Shareholder activism has been used to divest from anti-labor companies, gun makers, and tobacco; diversify corporate boards; support Occupy Wall Street; force global warming onto the corporate agenda; create jobs; and challenge outlandish CEO pay. Webber argues that workers have found in labor’s capital a potent strategy against their exploiters. He explains the tactic’s surmountable difficulties even as he cautions that corporate interests are already working to deny labor’s access to this powerful and underused tool. The Rise of the Working-Class Shareholder is a rare good-news story for American workers, an opportunity hiding in plain sight. Combining legal rigor with inspiring narratives of labor victory, Webber shows how workers can wield their own capital to reclaim their strength. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Mrz 2022) Industrial relations United States. Labor economics United States. Labor unions United States. Pension trusts Investments United States. Stockholders Political activity United States. Working class United States Economic conditions 21st century. BUSINESS & ECONOMICS / Corporate & Business History. bisacsh CEO-worker pay ratios. Corporate governance. Defined-benefit pension plans. Defined-contribution pension plans. Dodd-Frank. Hedge funds. Pension funds. Private equity funds. Proxy access. Public pension funds. Public sector employees. Unions. shareholder activism. Title is part of eBook package: De Gruyter Harvard University Press Complete eBook-Package 2018 9783110606621 https://doi.org/10.4159/9780674919464 https://www.degruyter.com/isbn/9780674919464 Cover https://www.degruyter.com/document/cover/isbn/9780674919464/original |
language |
English |
format |
eBook |
author |
Webber, David, Webber, David, |
spellingShingle |
Webber, David, Webber, David, The Rise of the Working-Class Shareholder : Labor’s Last Best Weapon / Frontmatter -- Contents -- Preface -- 1. Safeway -- 2. The New Suffragists -- 3. The Silence of the Lions -- 4. Checks and Imbalances -- 5. The People’s Lobbyists versus Private Equity -- 6. The New Sheriffs of Wall Street -- 7. The Law of Fiduciary Duty and the Risk of Capture -- 8. The Retirement “Crises” and the Future of Labor’s Capital -- Notes -- Acknowledgments -- Index |
author_facet |
Webber, David, Webber, David, |
author_variant |
d w dw d w dw |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Webber, David, |
title |
The Rise of the Working-Class Shareholder : Labor’s Last Best Weapon / |
title_sub |
Labor’s Last Best Weapon / |
title_full |
The Rise of the Working-Class Shareholder : Labor’s Last Best Weapon / David Webber. |
title_fullStr |
The Rise of the Working-Class Shareholder : Labor’s Last Best Weapon / David Webber. |
title_full_unstemmed |
The Rise of the Working-Class Shareholder : Labor’s Last Best Weapon / David Webber. |
title_auth |
The Rise of the Working-Class Shareholder : Labor’s Last Best Weapon / |
title_alt |
Frontmatter -- Contents -- Preface -- 1. Safeway -- 2. The New Suffragists -- 3. The Silence of the Lions -- 4. Checks and Imbalances -- 5. The People’s Lobbyists versus Private Equity -- 6. The New Sheriffs of Wall Street -- 7. The Law of Fiduciary Duty and the Risk of Capture -- 8. The Retirement “Crises” and the Future of Labor’s Capital -- Notes -- Acknowledgments -- Index |
title_new |
The Rise of the Working-Class Shareholder : |
title_sort |
the rise of the working-class shareholder : labor’s last best weapon / |
publisher |
Harvard University Press, |
publishDate |
2018 |
physical |
1 online resource (310 p.) : 1 graph |
contents |
Frontmatter -- Contents -- Preface -- 1. Safeway -- 2. The New Suffragists -- 3. The Silence of the Lions -- 4. Checks and Imbalances -- 5. The People’s Lobbyists versus Private Equity -- 6. The New Sheriffs of Wall Street -- 7. The Law of Fiduciary Duty and the Risk of Capture -- 8. The Retirement “Crises” and the Future of Labor’s Capital -- Notes -- Acknowledgments -- Index |
isbn |
9780674919464 9783110606621 |
callnumber-first |
H - Social Science |
callnumber-subject |
HD - Industries, Land Use, Labor |
callnumber-label |
HD7105 |
callnumber-sort |
HD 47105.35 U6 W43 42018 |
geographic_facet |
United States. United States |
era_facet |
21st century. |
url |
https://doi.org/10.4159/9780674919464 https://www.degruyter.com/isbn/9780674919464 https://www.degruyter.com/document/cover/isbn/9780674919464/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
331 - Labor economics |
dewey-full |
331.25/240973 |
dewey-sort |
3331.25 6240973 |
dewey-raw |
331.25/240973 |
dewey-search |
331.25/240973 |
doi_str_mv |
10.4159/9780674919464 |
oclc_num |
1028732017 |
work_keys_str_mv |
AT webberdavid theriseoftheworkingclassshareholderlaborslastbestweapon AT webberdavid riseoftheworkingclassshareholderlaborslastbestweapon |
status_str |
n |
ids_txt_mv |
(DE-B1597)501475 (OCoLC)1028732017 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Harvard University Press Complete eBook-Package 2018 |
is_hierarchy_title |
The Rise of the Working-Class Shareholder : Labor’s Last Best Weapon / |
container_title |
Title is part of eBook package: De Gruyter Harvard University Press Complete eBook-Package 2018 |
_version_ |
1806143255052550144 |
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