Working Capital

Working Capital

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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 qworker-ownersq 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.At Occidental Petroleum, the company with the largest CEO tax, an average worker would have received a pay increase ... If the CEO can make $20 million a year, then his or her assistants might believe that they should earn $1 million a year, anbsp;...

Title:Working Capital
Author:Archon Fung, Tessa Hebb, Joel Rogers
Publisher:Cornell University Press - 2001


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