Working Capital: The Power of Labor's PensionsArchon Fung, Tessa Hebb, Joel Rogers Cornell University Press, 2001 - 273 Seiten U.S. PENSION FUNDS are now worth more than $7 trillion, and many people believe that the most important task for the labor movement is to harness its share of this capital and develop strategies that will help, rather than hurt, workers and unions. Working Capital challenges money managers and today's labor movement by asking how worker's hard earned savings can be put to use in socially and economically progressive ways. Responsible management of pensions will create greater growth and prosperity in America, and the authors of Working Capital show that the long-term interests of pension plan beneficiaries are well served through a "worker-owners" view of the economy. This book builds on the work of the Heartland Forum supported by the United Steelworkers of America, the AFL-CIO's Center for Working Capital, and several foundations, including the Ford Foundation and the Rockefeller Foundation, to draw together the wisdom of a number of experts on labor's next best moves in the pension market. |
Inhalt
The Challenge of Labors Capital Strategy | 1 |
Do Pension Fund Investments | 13 |
Their History | 44 |
Labors Role in the Shareholder Revolution | 67 |
LaborFriendly Investment Vehicles | 93 |
Small Benefits Big Pension Funds and How Governance | 158 |
Overcoming Institutional Barriers on the Economically | 181 |
Notes | 223 |
Bibliography | 239 |
Contributing Authors | 257 |
263 | |
Häufige Begriffe und Wortgruppen
AFL-CIO agenda Alliance alternative investments annual average CalPERS Canada Canadian capital gaps capital markets Center collateral benefits companies corporate governance cost create Crocus Investment Fund DC plans diversification Economically Targeted Investments Employee Benefits employment Equity Fund ERISA ETIs executive compensation Federation fiduciary financial markets firms fund managers fund's global growth income increase Index Fund industry institutional investors Investment Forum Investment Fund investment managers investment vehicles issues labor-shareholder activism long-term LSIFs ment million money managers mortgages multi-employer mutual funds N/A N/A nonunion organized ownership Pax World Fund pension funds pension plans percent performance plan assets poison pills portfolio private equity public pension funds rate of return Research retirement risk sector securities share shareholder proposals shareholder resolutions short-term Social Investment socially screened Solidarity FTQ sponsor stake-holders strategies Taft-Hartley takeovers tion trustees ULLICO union-built United venture capital wages worker-owner view
Verweise auf dieses Buch
Money on the Line: Workers' Capital in Canada Canadian Centre for Policy Alternatives Eingeschränkte Leseprobe - 2003 |