David Webber

David H. Webber

Professor of Law

Paul M. Siskind Scholar

Biography

David H. Webber is the author of the critically-acclaimed book, The Rise of the Working-Class Shareholder: Labor’s Last Best Weapon, published by Harvard University Press. Webber toured extensively for the book and published op-eds about it in the New York Timesthe Washington Post, the Los Angeles Times, and elsewhere. It was reviewed or otherwise covered in the New York Review of Books, the Financial TimesPublisher’s WeeklyBloomberg Radio, CSPAN’s BookTV, Forbes, the Harvard Law School Forum on Corporate Governance and Financial Regulation, the Harvard OnLabor blogCornell University’s ILR ReviewRorotoko, de Volkskrant, Calcalist, Splinter News, The National Review and Dissent. The book was published in Korean in 2020

In 2022, Webber published scholarly articles in the Harvard Business Law Review (forthcoming), the University of Chicago Business Law Review, and the University of Pennsylvania Journal of Law and Business. He has previously published in the New York University Law Review, the Northwestern University Law Review, and the Vanderbilt Law Review. He has presented his research at the Harvard Stanford Yale Junior Faculty Forum, the Conference on Empirical Legal Studies, and the American Law and Economics Association conference. His coauthored article, “Shareholder Value(s): Index Fund ESG Activism and the New Millennial Corporate Governance,” was selected as one of the top ten corporate and securities law articles of 2020 in a national survey of law scholars by Corporate Practice Commentator.

Webber is the winner of Boston University School of Law’s 2017 Michael Melton Award for Teaching Excellence, and the dean’s award for service to the law school in 2020 and 2021. He also co-teaches the Pensions and Capital Stewardship course for the Harvard Trade Union program at Harvard Law School. He is a graduate of Columbia and NYU Law School, where he was an editor for the law review.

Watch: Professor David Webber discusses The Rise of the Working Class Shareholder: Labor’s Last Best Weapon

Publications

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  • David H. Webber, Are We Ready for the Next Recession? A Review of Yair Listokin’s Law and Macroeconomics: Legal Remedies to Recessions 22 Jerusalem Review of Legal Studies (2021) (book review)
    Scholarly Commons
  • David H. Webber, Carmen Lu & Lisa Fairfox, Second Panel Discussion - Symposium: Who Makes ESG? Understanding Stakeholders in the ESG Debate, 26 Fordham Journal of Corporate & Financial Law (2021)
    Scholarly Commons
  • David H. Webber, Rethinking "Political" Considerations in Investment 46 Delaware Journal of Corporate Law (2021)
    Scholarly Commons
  • David H. Webber, Michal Barzuza & Quinn Curtis, Shareholder Value(s): Index Fund ESG Activism and the New Millennial Corporate Governance 93 Southern California Law Review (2020)
    Scholarly Commons
  • David H. Webber, The Other Janus and the Future of Labor’s Capital 72 Vanderbilt Law Review (2019)
    Scholarly Commons
  • David H. Webber, Reforming Pensions While Retaining Shareholder Voice 99 Boston University Law Review (2019)
    Scholarly Commons
  • David H. Webber, The Rise of the Working-Class Shareholder: Labor’s Last Best Weapon (2018)
    Scholarly Commons
  • David H. Webber, Research Handbook on Representative Shareholder Litigation (2018)
    Scholarly Commons
  • David H. Webber, Lead Plaintiffs and Lead Counsel in Deal Litigation, in Working Paper (2016)
    Scholarly Commons
  • David H. Webber & Adam B. Badawi, Does the Quality of the Plaintiffs' Law Firm Matter in Deal Litigation? 41 Journal of Corporation Law (2015)
    Scholarly Commons
  • David H. Webber, Shareholder Litigation Without Class Actions 57 Arizona Law Review (2015)
    Scholarly Commons
  • David H. Webber, The Use and Abuse of Labor's Capital 89 New York University Law Review (2014)
    Scholarly Commons
  • David H. Webber, Private Policing of Mergers & Acquisitions: An Empirical Assessment of Institutional Lead Plaintiffs in Transactional Class and Derivative Actions 38 Delaware Journal of Corporate Law (2014)
    Scholarly Commons
  • David H. Webber, The Plight of the Individual Investor in Securities Class Actions 106 Northwestern University Law Review (2012)
    Scholarly Commons
  • David H. Webber, Is 'Pay-to-Play' Driving Public Pension Fund Activism in Securities Class Actions? An Empirical Study 90 Boston University Law Review (2010)
    Scholarly Commons

In the Media

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  • BU Today November 23, 2022

    Is America’s Labor Movement on the Upswing?

    David Webber is interviewed.
    read more

  • MarketWatch November 11, 2022

    Opinion: It’s Time for ESG to Fight Back

    A piece authored by David Webber.
    read more

  • Bloomberg Law October 12, 2022

    Public, Private Pensions Set to Collide Over ESG Investing (1)

    David Webber is quoted.
    read more

  • Financial Time June 12, 2022

    Workers’ Windfall at KKR-owned Company Shows Private Equity Shift

    David Webber is quoted.
    read more

  • University of Virginia April 29, 2022

    Professor’s Scholarship Among Best Corporate Law Articles of the Year

    David Webber’s research is referenced.
    read more

  • Financial Times April 25, 2022

    Corporate America And Investors Square Off Over Sec Proposal

    David Webber is quoted.
    read more

  • The Wall Street Journal January 10, 2022

    Proxy Voting: What Fund Investors Should Know About It—and How It Is Changing

    David H. Webber is quoted.
    read more

  • Uprise RI August 30, 2021

    Rhode Island’s Next Treasurer Can Take on Inequality. Here’s How…

    David Webber's research is quoted.
    read more

  • UVA Today August 5, 2021

    Professors’ Scholarship Among Best Corporate Law Articles of the Year

    David Webber's research is cited.
    read more

  • Forbes December 3, 2020

    Carrots And Sticks: Why Nasdaq Adopted Its Radical Board Diversity Rule

    David Webber is quoted.
    read more

  • The Hill October 30, 2020

    Why Millennials Will Win Trump’s War on Socially Responsible Investing

    A piece by David Webber.
    read more

  • Financial Times August 12, 2020

    Morgan Stanley’s Sustainable ‘Accelerator’ Takes Aim at Systemic Risk

    David Webber quoted.
    read more

  • Financial Times August 10, 2020

    Private Prison Companies Move to Cut Debt as Activists Hit Home

    David Webber quoted.
    read more

  • August 20, 2019

    Values Over Value: A Big Change In Corporate Governance Is Imminent

    David Webber is featured in <em>ValueWalk</em>.
    read more

  • July 23, 2019

    Elizabeth Warren’s Private Equity Plan Seeks to Strip Industry of Riches

    David Webber is quoted in <em>Bloomberg</em>.
    read more

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Stories from The Record

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Courses

Economic Democracy: Labor?s Voice at Work (S): LAW JD 863

3 credits

Workers today have little say inside American companies. This course will explore worker voice in the corporation and workplaces more generally. We will investigate various methods for enhancing worker voice, such as codetermination, bicameralism, unionization, worker councils, employee ownership, and shareholder activism. We will explore how corporate law and investor law both inhibit and shape worker economic voice, and we will study various current developments including efforts to put workers on corporate boards, the human capital management movement, labor's capital activism, proposed reforms to corporate governance and corporate purpose, and expanding notions of fiduciary duty. There will be several professional and academic guest speakers. GRADING NOTICE: This class does not offer the CR/NC/H option. PREREQUISITE: Corporations. UPPER-CLASS WRITING REQUIREMENT: A limited number of students may use this class to satisfy the requirement. ** A student who fails to attend the initial meeting of a seminar (designated by an (S) in the title), or to obtain permission to be absent from either the instructor or the Registrar, may be administratively dropped from the seminar. Students who are on a wait list for a seminar are required to attend the first seminar meeting to be considered for enrollment.

SPRG 2023: LAW JD 863 A1 , Jan 19th to Apr 20th 2023
Days Start End Credits Instructors Bldg Room
Thu 2:10 pm 4:10 pm 3 David H. Webber

Securities Regulation: LAW JD 883

4 credits

This course offers an introduction to federal securities regulation under the Securities Act of 1933 and the Securities Exchange Act of 1934. We will examine how the securities laws shape the process by which companies raise capital through IPOs, public offerings, and private placements. We will also focus on the mandatory disclosure regime for publicly traded companies and the related topics of securities fraud, insider trading, market manipulation, and shareholder voting. We will study core concepts such as the definition of a security and materiality. Finally, we will spend significant time examining the role of the SEC and private shareholder litigation in policing the securities laws. COREQUISITE: Corporations. GRADING NOTICE: This class will not offer the CR/NC/H option.

SPRG 2023: LAW JD 883 A1 , Jan 17th to Apr 25th 2023
Days Start End Credits Instructors Bldg Room
Tue,Thu 10:40 am 12:40 pm 4 David H. Webber