William Lazonick, segment guest [Click HERE to listen the talk]
Author: admin
Apple’s world-beating financial engineering is teaching the corporate world how to exploit Trump’s tax cuts
By Cory Doctorow “After Trump’s tax-cuts and forgiveness program, Apple repatriated $260 billion it had stashed in offshore tax havens (or, more truthfully, had funneled through offshore tax-havens to buy onshore financial products that were notionally held offshore); this made…
Apple’s “Capital Return Program”: Where Are the Patient Capitalists?
By William Lazonick “The enormous revenues and profits flowing from Apple’s innovative products, the iPhone in particular, get primary credit for enabling the company to be the first in history to reach a trillion-dollar market capitalization. That financial achievement, attained…
Apple and many other tech giants have Wall Street disease
By Marshall Auerback “The boom witnessed in the U.S. equity market over the past few years has begun to echo the latter stages of the high tech bubble of the early 2000s, right down to the investor interest ultimately gravitating…
Unemployment and the markets
By Shareholders Unite “Most of the great Trump stock rally was based on the prospect of, and the implementation of tax cuts, more in particular corporate tax cuts. The benefits are obvious, corporations paying less tax on their earnings mean…
How Sears wasted $6 billion that could have kept it out of bankruptcy
By Chris Isidore “It sure wouldn’t have hurt. Sears’ ability to stay in business is in doubt after the company filed for bankruptcy protection this month. Yet Sears spent $6 billion buying back its own shares since 2005 in a futile effort to help…
Why Wages Are Stagnating in Latin America
By Juan M. Grana “In July 2018, Professor William Lazonick came to Argentina and gave a lecture called “The Investment Triad: Productive Capabilities and Sustainable Prosperity” based on INET’s paper “Profits Without Prosperity: How Stock Buybacks Manipulate the Market, and…
UnitedHealth ramps up stock buybacks, hitting $3.2b. in the first half of 2018
By Evan Sweeney “UnitedHealth Group saw its profits soar in the first half of 2018, and the company is rewarding investors handsomely. The country’s largest insurer spent just shy of $3.2 billion in stock repurchases during the first half of…
Apple should spend money on innovation, not buybacks
By Eric Reguly “Steve Jobs died seven years ago and if he could look down from the sky, he would not recognize Apple Inc., the company he made, and become the most successful gadgetmaker in the history of gadgets. It’s…
Under President Trump, workers continue to struggle
By David Madland, Olugbenga Ajilore, Michael Madowitz, and Daniella Zessoules “Positive measures of unemployment and gross domestic product (GDP), such as those repeatedly touted by the Trump administration,1 show the kind of strong economy that ordinarily leads voters to reward incumbents…
