In a MarketWatch article on msn.com, Rex Nutting cites Bill Lazonick’s research and discusses how “share buybacks encourage executives to loot companies, stall innovation and depress wages.” [Click HERE to read the full article]
Author: admin
One of Elizabeth Warren’s favorite crusades is gaining steam again
In a Business Insider article on April 26, Portia Crowe argues that stock buybacks could become the next big issue in Congress. [Click HERE to read the full article]
Are Stock Buybacks Hurting The Working Class? US Senator Presses SEC To Reexamine Its Policies
In an International Business Times article on April 25, Owen Davis explains how the discussion on stock buybacks is quickly moving to the national political stage. [Click HERE to read the full article]
Are stock buybacks hurting the working class? US senator presses the SEC to reexamine its policies
By Owen Davis “The topic of stock buybacks is quickly moving from the financial press to the national political stage. In the first substantive congressional attention the issue has attracted in decades, Sen. Tammy Baldwin, D-Wis., is pressuring the Securities and…
How the stock market destroyed the middle class
By Rex Nutting “There’s something seriously wrong with an economy that nurtures a few billionaires but can’t sustain the middle class. Many factors have been blamed for the plummeting fortunes of the American middle class: globalization, technology, deregulation, easy credit,…
The one issue Elizabeth Warren and some of Wall Street can agree on
By Portia Crowe “It doesn’t sound very sexy, but stock buybacks could become the next big issue in Congress – and on the Street. Some Democratic senators have started pointing to buybacks, in which publicly traded companies repurchase some of…
Multiple companies of concern
By Rosanna Landis Weaver “Multiple Companies of Concern Our primary focus with the blog this year is looking at the 100 companies that appeared on our overpaid list in our report, but the overpaid companies from last year are not necessarily…
Elizabeth Warren on “the Unfinished Business of Financial Reform”
On April 15, 2015, in a speech “The Unfinished Business of Financial Reform”, Sen. Elizabeth Warren cited Bill Lazonick’s Harvard Business Review article “Profits Without Prosperity”, in arguing that “we can put in place strong, enforceable securities rules that don’t…
Sen. Baldwin Questions SEC on Buybacks
Sen. Tammy Baldwin has written a letter to SEC Chair Mary Jo White, questioning Rule 10b-18 that since 1982 has given corporations a safe harbor from manipulation charges in doing stock buybacks. Sen. Baldwin’s letter draws on Bill Lazonick’s research…
Stock buybacks: From retain-and reinvest to downsize-and-distribute
In a recent Brookings Institute report, William Lazonick explains how stock buybacks result in employment instability and income inequity, and why the shareholder-value ideology that legitimizes buybacks is fundamentally flawed. [Click on the image to download the full paper from…
