A Mostly Philosophical Treatise with Sprinklings of Law
3 stars
This book argues that public sector workers can through pension funds utilize their shareholder voting power to drive more worker-friendly policies. The cases and legal review here is by far the most useful and interesting part of the book. Unfortunately, Webber exposes his lack of expertise about effective organizational management, economics, and, in hindsight to be fair, naivete about the long term stability of legal mechanisms that threaten entrenched interests. That's not to say I disagree with his aims or even some of the mechanisms suggested here. Rather the arguments here represent a reductive view of how organizations and investments function, and absent political power the likelihood that substantive worker driven changes are almost always rolled back
This book argues that public sector workers can through pension funds utilize their shareholder voting power to drive more worker-friendly policies. The cases and legal review here is by far the most useful and interesting part of the book. Unfortunately, Webber exposes his lack of expertise about effective organizational management, economics, and, in hindsight to be fair, naivete about the long term stability of legal mechanisms that threaten entrenched interests. That's not to say I disagree with his aims or even some of the mechanisms suggested here. Rather the arguments here represent a reductive view of how organizations and investments function, and absent political power the likelihood that substantive worker driven changes are almost always rolled back