1.

Record Nr.

UNINA9910554491903321

Autore

Jacoby Sanford M. <1953->

Titolo

Labor in the age of finance : pensions, politics, and corporations from deindustrialization to Dodd-Frank / / Sanford M. Jacoby [[electronic resource]]

Pubbl/distr/stampa

Princeton : , : Princeton University Press, , [2021]

©2021

ISBN

0-691-21721-1

9780691217215

Descrizione fisica

1 online resource (x, 354 pages) : illustrations

Collana

Princeton scholarship online

Disciplina

331.0973

Soggetti

Labor movement - United States - History - 20th century

Labor movement - United States - History - 21st century

Labor unions - United States - History - 20th century

Labor unions - United States - History - 21st century

Corporate governance - United States - History - 20th century

Corporate governance - United States - History - 21st century

Financialization - United States - History - 20th century

Financialization - United States - History - 21st century

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Also issued in print: 2021.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Frontmatter -- contents -- List of Abbreviations -- Introduction -- 1 Labor, Finance, and the Corporation, 1890–1980 -- 2 The CalPERS Era -- 3 Labor’s Shares -- 4 Breaking Barriers, Building Bridges -- 5 From Exuberance to Enron -- 6 Executive Pay -- 7 Shareholder Democracy -- 8 Organizing Finance -- 9 The Financial Crisis and Dodd-Frank -- Epilogue -- Acknowledgments -- Notes -- Index.

Sommario/riassunto

Since 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.