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    Summary of David Webber's The Rise of the Working-Class Shareholder
    Summary of David Webber's The Rise of the Working-Class Shareholder
    Summary of David Webber's The Rise of the Working-Class Shareholder
    Ebook41 pages20 minutes

    Summary of David Webber's The Rise of the Working-Class Shareholder

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    Please note: This is a companion version & not the original book.

    Book Preview: #1 In 2003, Safeway, a California-based supermarket chain, sought to boost profits by cutting employee benefits. The company’s CEO, Steven Burd, hoped to make the workers pay for his mistakes by cutting their pay.

    #2 Burd, having anticipated a potential strike, sold off his shares in preparation. He also entered into a revenue-sharing agreement among Safeway's subsidiaries, Vons, Albertsons, and the Kroger Company's store Ralphs.

    #3 George Burd, the CEO of Safeway, faced a labor dispute with his employees when they went on strike.

    #4 Albert Burd, the CEO of Safeway, was voted out by the company’s shareholders in 1999 after a labor-led campaign against him and his allies on the board.

    LanguageEnglish
    PublisherIRB Media
    Release dateFeb 12, 2022
    ISBN9781669348450
    Summary of David Webber's The Rise of the Working-Class Shareholder
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of David Webber's The Rise of the Working-Class Shareholder - IRB Media

      Insights on David Webber's The Rise of the WorkingClass Shareholder

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 5

      Insights from Chapter 6

      Insights from Chapter 7

      Insights from Chapter 8

      Insights from Chapter 1

      #1

      In 2003, Safeway, a California-based supermarket chain, sought to boost profits by cutting employee benefits. The company’s CEO, Steven Burd, hoped to make the workers pay for his mistakes by cutting their pay.

      #2

      Burd, having anticipated a potential strike, sold off his shares in preparation. He also entered into a revenue-sharing agreement among Safeway's subsidiaries, Vons, Albertsons, and the Kroger Company's store Ralphs.

      #3

      George Burd, the CEO of Safeway, faced a labor dispute with his employees when they went on strike.

      #4

      Albert Burd, the CEO of Safeway, was voted out by the company’s shareholders in 1999 after a labor-led campaign against him and his allies on the board.

      #5

      The power of labor’s capital is becoming real, and it is already transformative. Its friends, the working class, are far less aware of its immense potential than its enemies.

      #6

      The UFCW, which represented the workers at Safeway, staged a strike against the company. Sean Harrigan, who was in charge of the union’s West Coast operations, was their leader.

      #7

      The author wants to compare and contrast the two methods of worker representation: a strike and a shareholder campaign.

      #8

      In 2003, two years after the birth of the modern CSR movement, two high-profile campaigns were waged against two different CEOs, both of whom were imperial CEOs. The first was against Richard Grasso, CEO of the New York Stock Exchange,

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