Test Cover Image of:  The Rise of the Working-Class Shareholder

The Rise of the Working-Class Shareholder

Labor’s Last Best Weapon

Author Information


David Webber is a law professor at Boston University, where he won the 2017 Michael Melton Award for Teaching Excellence. He has published op-eds in the New York Times, Washington Post, Chicago Tribune, and Reuters, and has been interviewed by television, radio, and print media, including Nightly Business Report, NPR’s Marketplace, Knowledge@Wharton Business Radio, Agence France-Presse, Reuters, and others.


Charles K. Piehl:
Webber sets forth a multifaceted plan for organized labor to strengthen its currently dismal position within the American economy.

Webber weaves narratives of activist campaigns (pension fund administrators, union staffers, and government comptrollers are the book’s unlikely heroes) with fine-grained analysis of the relevant legal and financial concepts in accessible prose…Webber marshals a lot of information into a common sense argument that will appeal to anyone with an interest in the current labor movement.

Steven Davidoff Solomon, Berkeley Center for Law and Business:
David H. Webber argues forcefully that the future of the American worker is inextricably bound with shareholder power. It is only when labor’s capital is fully unleashed, Webber theorizes, that American workers will then be able to win back control of their destiny. This is an important book.

Jennifer Taub, Vermont Law School:
In The Rise of the Working-Class Shareholder, David Webber shares the inspirational story of a group of ingenious individuals who discovered a new source of power for the labor movement: shareholder activism. Webber provides a compelling new legal and policy framework for using labor’s capital to advance members’ interests both as workers and as investors saving for retirement.

Mehrsa Baradaran, author of The Color of Money: Black Banks and the Racial Wealth Gap:
A riveting, thorough, and thoughtful book that is not only a fast and fun read, but contributes wonderfully to a new and ongoing conversation about inequality, dark money, and populism in the electorate.

Teresa Ghilarducci, Director, Schwartz Center for Economic Policy Analysis (SCEPA) at The New School:
This book could be the modern bible of the movement to harness labor’s capital for working-class interests, and it couldn’t be timelier.