By Harvard Business Review press release “Harvard Business Review is pleased to announce that economist William Lazonick is the 2014 HBR McKinsey Award winner for his September article “Profits Without Prosperity.” In the article, Lazonick describes the damaging effects of massive…

By McKinsey press release “Corporate profits are at record levels, the stock market is booming, and American workers are at their most productive—but who is enjoying prosperity and why? That’s the provocative question William Lazonick considers in “Profits Without Prosperity,”…

By Ralph Nader “Self-made billionaire (meaning he didn’t inherit it), Nick Hanauer is not one to mince words, especially when they are backed by facts and principles of fairness. The Seattle entrepreneur, author and venture capitalist (he was the first…

By Tyler Durden “When even the Harvard Business Review throws up all over stock buybacks, you know it is only a matter of days before Obama signs an executive orders banning these for good (as he should have back in April…

By Justin King “Critics point out that GM\’s previous buybacks, if saved, would have prevented the company from going bankrupt during the 2008 industry crisis.”… [Click HERE to read the full article]

By Matt Hardigree “This is The Morning Shift, our one-stop daily roundup of all the auto news that’s actually important — all in one place every weekday morning. Or, you could spend all day waiting for other sites to parse…

By Greg Gardner “Taxpayers and workers brought GM out of bankruptcy, but it is the hedge funds that will reap the biggest rewards,” write William Lazonick and Matt Hopkins, who teach at the University of Massachusetts Lowell Center for Industrial…