Book Talk: The Rise of the Working-Class Shareholder: Labor’s Last Best Weapon
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The International Brotherhood of Teamsters Labor History Research Center welcomes David Webber to our ongoing series of labor history book talks, where he will discuss his book The Rise of the Working Class Shareholder: Labor’s Last Best Weapon. This talk will be online and recorded; registration is required.
When supermarket chain Safeway cut wages and benefits for unionized workers, the corporation expected they could withstand the traditional strike. It was a new tactic, however, that proved more successful. A public employees’ pension fund leveraged its $300 billion investment to lead a shareholder revolt that unseated three Safeway board members.
In The Rise of the Working Class Shareholder: Labor’s Last Best Weapon, David Webber uses such cases to explore one of labor’s unheralded weapons; its multitrillion dollar pension funds. As membership falls and politicians and courts gut union’s power to negotiate, shareholder activism has the potential to be a potent strategy for workers in their fight against those who would exploit them.
Learn more and register: https://library.gwu.edu/events/book-talk-rise-working-class-shareholder-labors-last-best-weapon-2023-12-14
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