Labor in the Age of Finance (eBook)

Pensions, Politics, and Corporations from Deindustrialization to Dodd-Frank

Sanford M. Jacoby (Autor)

eBook Download: EPUB

2021
368 Seiten
Princeton University Press (Verlag)
978-0-691-21721-5 (ISBN)

Infos

From award-winning economic historian Sanford M. Jacoby, a fascinating and important study of the labor movement and shareholder capitalismSince the 1970s, American unions have shrunk dramatically, as has their economic clout. Labor in the Age of Finance traces the search for new sources of power, showing how unions turned financialization to their advantage.Sanford Jacoby catalogs the array of allies and finance-based tactics labor deployed to stanch membership losses in the private sector. By leveraging pension capital, unions restructured corporate governance around issues like executive pay and accountability. In Congress, they drew on their political influence to press for corporate reforms in the wake of business scandals and the financial crisis. The effort restrained imperial CEOs but could not bridge the divide between workers and owners. Wages lagged behind investor returns, feeding the inequality identified by Occupy Wall Street. And labor's slide continued.A compelling blend of history, economics, and politics, Labor in the Age of Finance explores the paradox of capital bestowing power to labor in the tumultuous era of Enron, Lehman Brothers, and Dodd-Frank.

Produkt-Details

• Erscheint lt. Verlag: 1.6.2021
• Zusatzinfo: 2 b/w illus. 5 tables.
• Sprache: englisch
• Themenwelt: Geisteswissenschaften ► Geschichte ► Regional- / Ländergeschichte
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Kulturgeschichte
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Politische Theorie
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: activism • Activist shareholder • AFL-CIO • Amalgamated Bank • American labor unions • asset • Asset Management • Bank • Bankruptcy • barack obama • Barney Frank • behalf • Bill Clinton • Board of Directors • Buyback • CalPERS • CalSTRS • Campaign GM • Capitalism • Carl Kaysen • chairman • Chief economist • Citigroup • clawback • collective bargaining • Competition • Corporate Governance • Creditor • Criticism • Customer • Damon Silvers • Defined benefit pension plan • dividend • Dodd–Frank Wall Street Reform and Consumer Protection Act • Economic Inequality • economist • Employee Retirement Security Act • Employment • Enron • Executive compensation • Expense • FASB • Finance • Financial Crisis • Financial institution • financialization • Financial Performance • Financial Services • Fraud • Golden Parachute • Goldman Sachs • Governance • Hedge Fund • history of labor • IBEW • income • independent director • Insider • institutional investor • Investment • Investor • Jimmy Carter • Jimmy Hoffa • J. P. Morgan • JPMorgan Chase • labor reform • Labour movement • Layoff • Legislation • Lloyd Ulman • lobbying • Martin Lipton • MCI Inc. • Michael Eisner • Michael Ovitz • National Labor Relations Board • NLRB • Option (finance) • organized labor • Organizing (management) • Ownership • P 500 Index • Partnership • Pension • pension fund • Piketty • Princeton University Press • Private Equity • private sector • Provision (accounting) • Public Company • Ralph Nader • Retail • Retirement • Ronald Reagan • salary • S&amp • S&P 500 Index • Sarbanes–Oxley Act • Saul Alinsky • SEC • severance package • Shareholder • Shareholder Activism • Shareholder democracy • shareholder primacy • Shareholder resolution • Shareholder Value • Share Price • Stock Market • Taft-Hartley Act • Takeover • Tax • teamsters • The New York Times • The Wall Street journal • TIAA-CREF • Too big to fail • Trade Union • Treaty of Detroit • Troubled Asset Relief Program • uaw • UFCW • Unemployment • union investors • United Auto Workers • United Steelworkers • U.S. Securities and Exchange Commission • Voting • wage • WalMart • Walter Reuther • Wealth • Workforce
• ISBN-10: 0-691-21721-1 / 0691217211
• ISBN-13: 978-0-691-21721-5 / 9780691217215