David H. Webber
Professor of Law
Paul M. Siskind Scholar
Biography
David H. Webber is the author of the critically-acclaimed book, The Rise of the Working-Class Shareholder: Labor’s Last Best Weapon, published by Harvard University Press. The book argues that labor has a massive untapped source of shareholder power in its trillions of dollars in pension assets. Webber toured extensively for the book and published op-eds about it in the New York Times, the Washington Post, the Los Angeles Times, and elsewhere. It was reviewed or otherwise covered in the New York Review of Books, the Financial Times, Publisher’s Weekly, Bloomberg Radio, CSPAN’s BookTV, Forbes, the Harvard Law School Forum on Corporate Governance and Financial Regulation, the Harvard OnLabor blog, Cornell University’s ILR Review, Rorotoko, de Volkskrant, Calcalist, Splinter News, The National Review and Dissent. It was published in Korean in 2020.
In 2022, Webber published scholarly articles in the Harvard Business Law Review, the University of Chicago Business Law Review, and the University of Pennsylvania Journal of Law and Business. He has a coauthored paper forthcoming in the Stanford Journal of Law, Business, and Finance and has previously published in the New York University Law Review, the Northwestern University Law Review, and the Vanderbilt Law Review. He has presented his research at the Harvard Stanford Yale Junior Faculty Forum, the Conference on Empirical Legal Studies, and the American Law and Economics Association conference. His coauthored article, “Shareholder Value(s): Index Fund ESG Activism and the New Millennial Corporate Governance,” was selected as one of the top ten corporate and securities law articles of 2020 in a national survey of law scholars by Corporate Practice Commentator.
The BU Law Class of 2023 voted him the Mark Pettit Teaching Award winner. He also won the 2023 Dean’s award for excellence in teaching. In 2017 he was awarded the Michael Melton Award for Teaching Excellence. He has also received the Dean’s award for service to the law school in 2020 and 2021. He co-teaches the Pensions and Capital Stewardship course for the Harvard Trade Union program at Harvard Law School, where he also spent Spring 2024 as a fellow for the Center for Labor and A Just Economy. He is a graduate of Columbia and NYU Law School, where he was an editor for the law review.
Watch: Professor David Webber discusses The Rise of the Working Class Shareholder: Labor’s Last Best Weapon
- Profile Types
- Faculty, Full-Time Faculty, and Professors & Clinical Instructors
- Areas of Interest
- Civil Procedure, Corporate, Business & Transactional Law, ERISA, Mergers & Acquisitions, Securities, and Shareholder Activism & Litigation
Publications
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Michal Barzuza, Quinn Curtis & David H. Webber, The Millennial Corporation: Strong Stakeholders, Weak Managers 28 Stanford Journal of Law, Business & Finance (2023)
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David H. Webber & Connor S. Flaherty, Chapter 8: What is the purpose of securities regulation?, in Encyclopedia of Law and Economics, (2023)
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David H. Webber, The Humanities Strike Back: (E)ESG and Justice Strine Challenge Gamer Shareholder Primacy 24 University of Pennsylvania Journal of Business Law (2022)
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David H. Webber, Labor’s capital in the twenty-first century 63 Labor History (2022)
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Michal Barzuza, Quinn Curtis & David H. Webber, ESG and Private Ordering 1 The University of Chicago Business Law Review (2022)
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David H. Webber, Should Labor Abandon Its Capital? A Reply to Critics 12 Harvard Business Law Review (2022)
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David H. Webber, Are We Ready for the Next Recession? A Review of Yair Listokin’s Law and Macroeconomics: Legal Remedies to Recessions 22 Jerusalem Review of Legal Studies (2021) (book review)
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David H. Webber, Rethinking "Political" Considerations in Investment 46 Delaware Journal of Corporate Law (2021)
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David H. Webber, Carmen Lu & Lisa Fairfox, Second Panel Discussion - Symposium: Who Makes ESG? Understanding Stakeholders in the ESG Debate, 26 Fordham Journal of Corporate & Financial Law (2021)
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David H. Webber, Michal Barzuza & Quinn Curtis, Shareholder Value(s): Index Fund ESG Activism and the New Millennial Corporate Governance 93 Southern California Law Review (2020)
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David H. Webber, The Other Janus and the Future of Labor’s Capital 72 Vanderbilt Law Review (2019)
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David H. Webber, Reforming Pensions While Retaining Shareholder Voice 99 Boston University Law Review (2019)
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David H. Webber, The Rise of the Working-Class Shareholder: Labor’s Last Best Weapon (2018)
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David H. Webber, Research Handbook on Representative Shareholder Litigation (2018)
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David H. Webber, Lead Plaintiffs and Lead Counsel in Deal Litigation, in Working Paper (2016)
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David H. Webber & Adam B. Badawi, Does the Quality of the Plaintiffs' Law Firm Matter in Deal Litigation? 41 Journal of Corporation Law (2015)
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David H. Webber, Shareholder Litigation Without Class Actions 57 Arizona Law Review (2015)
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David H. Webber, The Use and Abuse of Labor's Capital 89 New York University Law Review (2014)
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David H. Webber, Private Policing of Mergers & Acquisitions: An Empirical Assessment of Institutional Lead Plaintiffs in Transactional Class and Derivative Actions 38 Delaware Journal of Corporate Law (2014)
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David H. Webber, The Plight of the Individual Investor in Securities Class Actions 106 Northwestern University Law Review (2012)
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David H. Webber, Is 'Pay-to-Play' Driving Public Pension Fund Activism in Securities Class Actions? An Empirical Study 90 Boston University Law Review (2010)
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In the Media
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Boston Globe August 27, 2024
Brown University Gets Warning from 24 States on Israel Divestment Vote
David H. Webber is quoted.
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The Regulatory Review August 24, 2024
Enhanced Regulatory Oversight in ESG Investing
David H. Webber's research is mentioned.
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Newsweek May 13, 2024
Colleges Divesting from Israel Face a Ben & Jerry’s Meltdown | Opinion
David H. Webber pens an opinion.
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Washington Post April 23, 2024
White House Calls on Pension Funds To Adopt Stronger Labor Standards
David Webber is quoted.
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Columbia Law School Blue Sky Blog March 20, 2024
The Millennial Corporation: Strong Stakeholders, Weak Managers
David Webber co-authors a piece.
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LexBlog
The Millennial Corporation: Strong Stakeholders, Weak Managers
David Webber co-authors a piece.
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The American Prospect October 14, 2023
Workers Funding Other Workers’ Misery
David Webber is quoted.
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American Prospect October 4, 2023
Workers Funding Other Workers’ Misery
David Webber is quoted.
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Harvard Law School Forum on Corporate Governance August 21, 2023
Shareholder Rights: Assessing the Threat Environment
David H. Webber is quoted.
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NPR July 10, 2023
Businesses, Governments Clash over How to Tackle Climate Change
David Webber is quoted.
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Barron's July 1, 2023
Culture Wars Put American Companies on the Defensive
David Webber is quoted.
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E&E News Climatewire June 22, 2023
States Shrug Off Warnings, Plow Ahead with Anti-ESG Laws
David Webber is quoted.
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POLITICO
States Push Costly GOP War on Climate Investing
David Webber is quoted.
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Fortune May 15, 2023
How Boards Are Responding to Investor and Political Pushback on ESG Goals
David H. Webber is quoted.
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GlobeNewswire April 25, 2023
Yellow Corporation Names New Board Member
David H. Webber joins Yellow Corporation's Board of Directors.
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Activities & Engagements
No upcoming activities or engagements.