Labor in the Age of Finance: Pensions, Politics, and Corporations from Deindustrialization to Dodd-Frank.

Union presidents leaned on pension funds to fight for proxy access firm by firm over the course of the 2000s, and corporate America became convinced that a coup was in the offing. Organized labor was caught up in this transformation in important ways, as Sanford M. Jacoby demonstrates in I Labor in the Age of Finance: Pensions, Politics, and Corporations from Deindustrialization to Dodd-Frank i . In one of the most interesting chapters, Jacoby documents a campaign led by organized labor for "proxy access", the right of shareholders to nominate directors for corporate boards. [Extracted from the article]