By Michael Lebowitz “Naturally, the data appears disturbing but a recent report from Reuters puts an even finer point on the issue. In an investigative article entitled The Cannibalized Company, Reuters states: “Almost 60 percent of the 3,297 publicly traded non-financial…
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How corporate America is cannibalizing itself
By Steve Denning “Harvard Business Review calls it “stock price manipulation.” The Economist calls it “corporate cocaine.” Now Reuters declares that “Corporate America is cannibalizing itself.”… [Click HERE to read the full article]
America’s CEOs and hedge funds are starving the nation’s corporations to death
By Cory Doctorow “Many CEOs’ pay is based on share-price, and this, combined with “activist investors” (mostly hedge-fund managers) has incentivized the leaders of America’s biggest companies to greatly reduce their R&D spending, curtail expansion, fire workers, and flatline or…
The cannibalized company: How the cult of shareholder value has reshaped corporate America
By Karen Brettell, David Gaffen, and David Rohde “When Carly Fiorina started at Hewlett-Packard Co in July 1999, one of her first acts as chief executive officer was to start buying back the company’s shares. By the time she was…
Innovative Enterprise or Sweatshop Economics? In Search of Foundations of Economic Analysis
In a recent Institute for New Economic Thinking working paper, William Lazonick explains the fallacy of “perfect competition” as the ideal of economic efficiency. [Click HERE to access the paper via Institute for New Economic Thinking]
“Profits Without Prosperity” is Among the Winners of 2015 Folio: Eddie Award
William Lazonick’s Harvard Business Review article, “Profits Without Prosperity” has won an “Eddie” in Folio’s annual competition for the category “Consumer–Series/Single Article-Banking/Business/Finance.”
How taxpayers prop up Big Pharma, and how to cap that
By Mariana Mazzucato “When Martin Shkreli of Turing Pharmaceuticals raised the price for Daraprim by 5,455%, he put drug pricing on the agenda for the leading 2016 presidential candidates. Bernie Sanders is reported to have rejected Shkreli’s campaign donation, and…
How Clintonomics created Carly Fiorina
By Rana Foroohar “By now, GOP presidential candidate Carly Fiorina’s business record has been well parsed: As CEO of Hewlett-Packard in the late 1990s and early 2000s, she orchestrated the blockbuster merger with computer maker Compaq.”… [Click HERE to read…
How Clintonomics Created Carly Fiorina – And how they hamper Hillary Clinton
Time magazine editor Rana Foroohar says that Hillary Clinton must disown the “quarterly capitalism” policies of the Bill Clinton administration. [Click HERE to read the full article]
The Vice President Delivers Remarks at the White House Summit on Worker Voice
[iframe id=”https://www.youtube.com/embed/XZAy6IdMxh8″ align=”center”] At the White House Summit on Worker Voice on October 7, 2015, Vice-President Biden invoked theAIRnet’s research to talk about the problem of stock buybacks being done at the expense of worker training and pay, with the…
