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Michael Hillard's Shredding Paper: The Rise and Fall of Maine's Mighty Paper Industry is both a labor history of the paper industry and a political economy of corporate governance and class struggle in the United States. As a labor historian, Hillard has compiled thousands of hours of interviews with paper-industry workers and managers. As a political economist, he persuasively argues that contests over the distribution of surplus from the 1960s forward and shifts in paper-industry ownership led to the strike wave that began in the '60s and spread to every paper mill in Maine by the late 1980s. Rapacious practices by out-of-state owners challenged workers' moral compass as much as their material existence. Responding, paper workers developed a folk political economy and even a folk Marxism, creating the foundation for challenging working-class support for regressive economics. This review provides context for Hillard's claim while partially challenging it in a different context, the United States steel industry. [ABSTRACT FROM AUTHOR]

Purpose: The paper aims to craft a non-parametric composite value for the board quality of Indian banks where the weights can be assigned endogenously. Design/methodology/approach: The study employed a non-parametric data envelopment analysis (DEA)-based novel extension known as the benefit of doubt approach. To measure the strength of the Indian bank corporate board in terms of board efficiency (BEF), the study used a mixed approach, i.e. first, the study calculates the percentile ranks of the five attributes that the study assumes are the characteristics of the strong board including board size, number of outside directors, frequency of meetings, non-duality leadership and board gender diversity. Thereafter, the study performs the benefit-to-doubt approach to finally measure the efficiency of the board. Findings: The findings of the study establish that the methodological framework present in the study to measure the strength of the board in terms of BEF has been a much superior method over the other weighted and non-weighted linear average methods. Practical implications: This methodology aids the shareholders, investors and regulatory bodies in rating the Indian banks based on their strength in terms of better monitoring boards and ensuring a smooth agent–owner relationship. Originality/value: The benefit of doubt approach has been a unique and novel methodology to craft the composite value for any multidimensional phenomenon. One of the major benefits of using this approach is that it assigns the weights endogenously to each dimension and thereafter collectively determines the efficiency of such a phenomenon. [ABSTRACT FROM AUTHOR]