Google’s worker revolution is a shot that could end the reign of corporate stockholders

  • Date: 06-Jan-2021
  • Source: Business Insider
  • Sector:Economy
  • Country:Middle East
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Google’s worker revolution is a shot that could end the reign of corporate stockholders

If this were a normal year, corporate CEOs would be just starting to pack their bags for the World Economic Forum in Davos, Switzerland, where many execs would eagerly preach the virtues of stakeholder capitalism “” the notion that companies have obligations to more constituents than just their investors.

Davos is a virtual affair this year because of COVID-19, but for Alphabet CEO Sundar Pichai and other executives at Google's parent company, the stakeholder capitalism debate has suddenly become more real than any speech they would have heard in Switzerland.

The new Alphabet Workers Union, launched on Monday, is essentially a labor union forged on the principles of stakeholder capitalism.

This union isn't fighting for wages “” it doesn't even have collective