By Eric Reguly “The rich and the super-rich are getting richer. We all know that. The question is why? Every economist on the planet has a theory. Some blame waning productivity gains or workers’ losing their war with the robots.”……
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Corporate Governance, Employee Voice, and Work Organization
By Inge Lippert, Tony Huzzard, Ulrich Jurgens, & William Lazonick (Editors) Corporate Governance, Employee Voice, and Work Organization explores the dynamic relations between corporate governance, employee voice, and the organization of work in the automotive supply industry. It reports on research…
Why Germany Dominates the U.S. in Innovation
AIR associate Dan Breznitz summarizes why Germany is outcompeting the United States as an innovative economy: Reading the headlines, you might think that the most urgent question about national success in innovation and growth is whether the U.S. or China…
The middle class gets creamed again: Why CEO performance pay is awful for everyone but CEOs
By Richard Kirsch “Americans hate the fact that CEOs of big corporations keep raking in millions while the incomes of most American households are sinking. Now a new Roosevelt Institute white paper by University of Massachusetts economist William Lazonick adds to the growing case that…
How corporations inflate CEO pay with stock buybacks – and why it’s bad for the rest of us
By Sam Pizzigati “Back in 1979, notes a new Economic Policy Institute report released last week, households in America’s statistical middle — the 20 percent of households making more than the nation’s poorest 40 percent and less than the nation’s most affluent…
CEO performance pay is bad for everyone except CEOs
By Tim Price “Americans hate the fact that CEOs of big corporations keep raking in millions while the incomes of most American households are sinking. Now a new Roosevelt Institute white paper by University of Massachusetts economist William Lazonick adds to the growing case that…
Corporate stock buybacks offer little value, like a ‘sugar high’
By John Morgan “Stock buybacks by big American companies are near a historical peak, but the practice appears to do little to improve their underlying operations and robs them of money for research and future growth. USA Today’s John Waggoner calls stock…
One of CEOs’ Most Powerful Tools Is Starting to Look Dull
In a Time magazine article on May 21, Rana Foroohar cites and quotes Bill Lazonick’s research on buybacks : A lot has been made in recent years of the record amount of corporate cash on the balance sheets–around $2 trillion…
Stock buybacks surge: Is that a good thing?
In this May 29 USA TODAY article, columnist John Waggoner interviews theAIRnet president William Lazonick and refers to his work on buybacks : According to Wall Street legend, a speculator named Daniel Drew got his start by driving cattle into Manhattan,…
Stock buybacks surge: Is that a good thing?
By John Wagonner “According to Wall Street legend, a speculator named Daniel Drew got his start by driving cattle into Manhattan, back when there really were cattle drives there. Just before they got to the market, he’d let his skinny,…
