By Steve Denning “The Economist recently declared maximizing shareholder value to be “the biggest idea in business.” It may well be the biggest idea, but it’s also “the error at the heart of corporate leadership,” according to the current issue of Harvard…
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4 ‘buyback’ stocks worth buying
By Ryan Derousseau “In their pitch for tax reform, President Trump and congressional Republicans have made promises that evoke Oprah Winfrey’s talk-show days. (“You get a tax cut! You get a tax cut!! YOU get a tax cut!!!”)”… [Click HERE to read the full…
Seattle Times is providing PR for Boeing’s greedy execs
By Charles Mudede “When Boeing announced yet another round of job cuts, and not just any old cuts, but cuts to technical and engineering jobs, Dominic Gates of the Seattle Times explained the situation exactly the way Boeing executives wanted it explained. It…
Why buybacks matter
By Christopher Gannatti “Share buybacks have become a major focus of conversation within the investment industry—most recently due to speculation that if the U.S. government were to institute some sort of “repatriation holiday,” profits currently being held overseas to avoid taxation…
Harvard Business School and the propagation of immoral profit strategies
By Duff McDonald “In the aftermath of the 2008 financial crisis, much of the country was enraged because not a single Wall Street hotshot—the guys who got us into the mess—was prosecuted. While there are many financiers who could have…
Banks are spending billions to make rich people richer
By Zach Carter “The CEO of America’s largest bank made a startling announcement last week: His company has too much money, and he plans to throw away its profits on rich people. He didn’t quite put it that way, of…
Corporate buybacks and capital investment: An international perspective
By Joseph W. Gruber and Steven B. Kamin “In recent years, a great deal of attention has been paid in the United States to the simultaneous occurrence, depicted in Figure 1 below, of relatively weak corporate capital investment (especially at…
Joshua Weitz
Joshua Weitz is a research associate at The Academic-Industry Research Network and, as of September of 2017, a graduate student in the PhD program in political science at Brown University. He studies the history and political economy of the United...
The ‘barbarian’ at Harvard Business School’s gate
By John A. Byrne “So why did you decide to write about the Harvard Business School? I was having dinner with someone when The Firm (his book on McKinsey & Co.) came out and I said to him, ‘I don’t know…
Building the case for long-termism
By Jem Hudson “In the current environment, investors are confronted with a unique investment climate in which near-term considerations might differ significantly from long-term investment objectives. This has amplified investor focus on short-termism, as evidenced by the recent stock market…
