Book Review of Labor in the Age of Finance: Pensions, Politics, and Corporations from Deindustrialization to Dodd-Frank by Sanford M. Jacoby
Authors
Nathan Wilmers
Abstract
American labor relations typically features an employer on one side of the table and the workers and their union on the other. But when activist Relational Investors pressured Timken Corp. to cut contributions to its steelworkers’ pension, the California teachers’ pension fund benefited (as a Relational general partner and Timken shareholder).
