The Rise of the Working-class Shareholder

The Rise of the Working-class Shareholder

Labor's Last Best Weapon

Book - 2018
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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.-- Provided by publisher.
Publisher: Cambridge, Massachusetts : Harvard University Press, 2018
Copyright Date: ©2018
ISBN: 9780674972131
0674972139
Characteristics: xvi, 331 pages ; 22 cm

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StarGladiator
Mar 01, 2018

This book is a crock and two lines from the description says it all:
// He shows how working-class shareholder activists have taken the lead in divesting entirely from under-performing hedge funds or negotiating better arrangements with private equity funds. Webber suggests that they could also use their power to benefit labor, noting, for example, that the retirement funds of public employees are often managed by private equity firms that invest in companies that take jobs away from the public sector. \\
Yup, unions have long been investing in private equity firms which use those funds to destroy the unions. And drive up healthcare costs. And drive up funeral/burial expenses. Et cetera!

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