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Manhattan Moment: Unions target corporations through shareholder activism

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Even with a friendly administration in the White House that aggressively bailed out the United Auto Workers, labor unions have had a rough go of late. Private-sector union membership continues to dwindle, as unionized companies -- weighed down by unsustainable pay and benefits -- lose out in the marketplace to their nonunionized peers. Public-sector unions have fared less badly in terms of...

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