LABOR AND CORPORATE GOVERNANCE: INITIAL LESSONS FROM SHAREHOLDER ACTIVISM

摘要: The recent crisis in the financial markets has revealed serious, systematic flaws corporate governance and cost union pension funds billions of dollars. However, labor movement begun to take charge reform by mobilizing its assets, organizing other investors, launching company-specific shareholder campaigns. Drawing on academic literature social embeddedness, I argue that unions will be more likely succeed through investor activism if they form coalitions with key non-union actors. Through a detailed comparative case study American Federation Labor-Congress Industrial Organizations’ efforts stop reincorporation Nabors Industries Stanley Works, Inc. larger empirical labor's 2002 campaigns, this article examines outlines factors influence success these efforts. This research also elucidates how can continue lead build necessary political leverage win