Posts tagged universal proxy rule
The Growing Distance Between Unions and Union Workers
April 5, 2024 // In theory, a thriving labor movement aims at deploying such coup-style strategies after winning the favor of the workers that spearhead its success. But this is the direct opposite of what’s happening today. Rather than being buoyed by the wave of employees flooding its ranks, the labor movement is instead hemorrhaging members and attempting to forge ahead by pushing against the current of worker sentiment. Unions’ numbers are dwindling. Grassroots tactics are withering. The workers of the world just aren’t uniting the way that unions would like. The solution, for today’s unions, is to invert their playbook, putting corporate and regulatory capture ahead of the will of the worker. Instead of galvanizing worker sentiment to move policy and manage proxies, major unions have taken to exploiting regulations in order to drag employees along from the comfort of the director’s chair. But by winning a seat on the Starbucks board, each of the SOC’s nominees would have had to confront an ugly choice: Make decisions that favor union density at the expense of worker autonomy and shareholder value; or own up to the damage that coercive organizing tactics have done to the corporation’s and employees’ interests. They were smart to withdraw their bid.
Commentary: Biden fosters Big Labor cronyism
March 25, 2024 // It is bad enough that union dues go to political activity that workers may or may not agree with. It is worse that some union bosses are stealing money from the workers that they claim to represent. Every dollar that a union boss steals is one dollar less that a worker can put toward sending their children to school, putting food on the table, or building a nest egg. The Biden administration enables union corruption because union dues overwhelmingly go toward electing Democrats. Biden’s refusal to pull union bosses away from the trough directly harms workers. Unlike Biden, House Republicans are leading the charge to stamp out union fraud and corruption.
Commentary: Biden pursues organized labor’s agenda through regulation
March 14, 2024 // The OSHA “walkaround” rule flies in the face of a regulation that stipulates that people who accompany an OSHA inspector must be employed by the company under inspection. Under the proposed rule, OSHA representatives would have to simply state that a union official was “reasonably necessary” to the inspection to bring that individual to the site. The walk-around rule presents an opportunity for union organizers to collect information or otherwise infiltrate nonunion workplaces, a clear attempt by OSHA to give unions a leg up in organizing drives. Another example is the Securities and Exchange Commission’s universal proxy rule, which forces companies to include management and dissident shareholder nominees on a single proxy card in contested elections. The rule enabled a coalition of our nation’s largest and most militant unions to extract new concessions from Starbucks by threatening to mount a hostile takeover attempt of the coffee company’s board. Unions will continue to exploit the universal proxy rule to bring other publicly traded companies to the table with threats of a hostile takeover.