In a Time magazine article on March 26, Rana Foroohar discusses about the issues on buybacks and explains “what stock prices do–and don’t–tell us about the actual value of a company”. [Click HERE to read the article]
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Share buybacks: Robbing Peter to pay Paul
Anonymous “General Motors announced a $5 billion share buyback in March, adding to the $2 trillion of stock repurchases that have taken place since 2009. As firms have hoarded cash since the financial crisis, it seems that the only kind…
A buyback or biotech bubble?
By Leo Kolivakis “Steven Davidoff Solomon, professor of law at the University of California, Berkeley, wrote a comment for the New York Times, General Motors’ Stock Buyback Follows a Worrying Trend: “General Motors’ announcement that it will buy back $5 billion…
The left’s new straw man: The shareholder as mafia boss
By Doug Reich “In a recent Washington Post op-ed, Harold Meyerson, an avowed socialist, compares corporations who buy back their own shares to Las Vegas mafia bosses who used to skim casino profits. The basis for his smear is “a recent…
The Best Management Article Of 2014
In a Forbes magazine article on March 26, Steve Denning congratulates theAIRnet president William Lazonick for writing the award winning article [Profits without Prosperity], Harvard Business Review for publishing it, and the independent panel of business and academic leaders for selecting the…
The market mirage
By Rana Foroohar “One of the hardest-dying ideas in economics is that stock price accurately reflects the fundamental value of a given firm. It’s easy to understand why this misunderstanding persists: price equals value is a simple idea in a…
The best management article of 2014
By Steve Denning “Good news: Harvard Business Review has announced that Bill Lazonick is the 2014 HBR McKinsey Award winner for the best HBR article in 2014 for his brilliant, hard-hitting piece, “Profits Without Prosperity” (September 2014 HBR). Lazonick is…
The problem with stock buybacks
By Danielle Park “Why high corporate profits aren’t translating into widespread economic prosperity, as explained in William Lazonick’s HBR article, “Profits Without Prosperity.”… [Click HERE to read the full article]
The 1% rigged everything: Why no one can end Ronald Reagan’s ‘dead wrong’ voodoo economics
By Paul Rosenberg “Venture capitalist Nick Hanauer, a highly visible champion of Seattle’s $15/hour minimum wage, wrote a piece in the Atlantic last month pushing on another front in the war against toxic income inequality. “Stock Buybacks Are Killing the…
William Lazonick is the 2014 HBR McKinsey Award winner for his September article “Profits Without Prosperity.”
William Lazonick is the 2014 HBR McKinsey Award winner for his September article “Profits Without Prosperity.” The HBR McKinsey Awards, judged by an independent panel of business and academic leaders, commend outstanding articles published each year in Harvard Business Review….
