By Jonathan Cohn “Jeb Bush got a lot of attention last week when he suggested that Americans who want higher living standards need to work harder. During a speech on Monday, Hillary Clinton happily served up a rejoinder: It’s the…
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How the SEC engineered every stock market bubble since 1982
By Daniel Drew “Many Americans have discovered that those entrusted to protect us often become the most dangerous threats. Whether it’s corrupt cops, bogus journalists, or even Ponzi-scheming church elders, it’s not difficult to understand why trusting authorities has seemed like a risky…
Ban buybacks?
Institute staff “Strategy: Progressive Threat. I believe that Joe and I were among the first investment strategists to stress the importance of buybacks and dividends in driving the current bull market in stocks. There were lots of vocal bears during…
Share Radio interview with Lazonick on share buybacks
Share Radio host Juliette Foster interviews William Lazonick on share buybacks. Click HERE to listen to the interview!
Surprise! CEOs are getting rich by buying back stock
By Tyler Durden “By now, there should be no doubt about who to thank for the record highs US stocks have put in this year. Investors should direct their appreciation first to the FOMC and second to corporate management teams,…
$750 million buyback boosts Panera’s stock, not growth
By Janet Sparks “Stock analysts are watching Panera Bread to see if the fast-casual franchise company will be able to catch up with its counterparts Chipotle Mexican Grill, Shake Shack and others. Panera’s stock fell by 10 percent, following its…
The biggest scams
By enclaved134 “While the S&P 500 companies spent a record amount last year on capital expenditures before declaring profits, they invested far less of those profits back into their business than in prior decades. In the 1980’s such companies had…
US audit committees and capital allocation strategies
By David Bakst “Given the financial sophistication and independence of their members, Audit Committees can be seen as logical corporate governance bodies to initially address the increasing pressures on Board of Directors oversight of capital allocation that are resulting from…
Stock buybacks foster inequality, stifle innovation and growth
By Mike Brown “Stock buybacks enrich CEOs and shareholders but deny taxpayers and employees their fair share of profits and stifle innovation and job creation, according a study by William Lazonick, a professor at the University of Massachusetts Lowell and…
OECD: Activist investors are bad for investment
By J. W. Mason “The OECD has just released its new Business and Finance Outlook for 2015. A lot of interesting stuff there. We’ll want to take a closer look at the discussion of the problems that low interest rates pose for…

