Posts tagged Best Buy
Michael Watson: Big ESG’s Big Partner: Big Labor
April 20, 2025 // Unions’ principal interest in the ESG activism movement is on the “S” or “social” prong of the acronym. Both unions themselves, like the International Brotherhood of Teamsters, and critics of unions, like the Institute for the American Worker, will argue that Big Labor views ESG as a category for advancing union organizing and other core union priorities. Proxy Preview shows unions and union-aligned groups (like city and state pension funds and the largely union-owned and union-controlled Amalgamated Bank) pushing shareholder resolutions demanding that companies “adopt a noninterference policy respecting freedom of association” or “respect for freedom of association and collective bargaining”—euphemisms for neutrality in union organizing. Under a neutrality agreement, the employer agrees not to present its views on the potential consequences of union organizing to employees, and it may agree not to confirm union majority support by a government-supervised secret-ballot election, instead using public union-card signatures (known as “card check”).
Opinion: Better Capitalism Will Reduce The Need For Unions
January 17, 2025 // But now, slowly but surely, we see the pendulum starting to swing again. A new generation of corporate leaders increasingly recognize the downsides of shareholder primacy and the benefits of multi-stakeholder capitalism. Some companies are moving away from treating workers as replaceable widgets — as pure cost centers — and increasingly see them as the key to improving productivity and innovation, which are now the key drivers of long-term profit. Some notable examples in recent years include Delta Airlines, Home Depot, Costco, Best Buy, and JP Morgan Chase.
Dockworkers Launch Strike at Ports From Maine to Texas
October 1, 2024 // Port employers, pressed by Biden administration officials to resolve the impasse, raised their offer on wages to a 50% increase over six years, from an earlier 40% increase, along with other improvements in benefits in the 24 hours before the strike deadline. The ILA is seeking a 77% wage increase over six years as a condition to sit down to talks with maritime employers, according to a person familiar with the negotiations. The walkout shuts down some of the country’s main gateways for imports of food, vehicles, heavy machinery, construction materials, chemicals, furniture, clothes and toys.