On April 4, journalist Eric Reguly’s interview with theAIRnet president William Lazonick on the issue of share buybacks in relation to growing inequality appeared on The Globe and Mail : Raising taxes is the logical answer, and taxes have indeed…
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Share buybacks let income inequality grow
By Eric Reguly “Pope Francis is talking about it. So is U.S. President Barack Obama, half the prime ministers in Europe and any number of institutional investors and shareholder activists. The gap between the rich and everyone else has become…
How finance gutted manufacturing
By Susan Houseman “Suzanne Berger makes a compelling case that manufacturing is crucial to innovation and the health of the U.S. economy, that the sector is in trouble, and that the financial system bears much of the blame.”… [Click HERE…
Yves Smith discusses “The Myth of Maximizing Shareholder Value”
On January 24, Yves Smith, creator of Naked Capitalism, discusses “The Myth of Maximizing Shareholder Value” and theAIRnet president Bill Lazonick’s research on the same issue.
Video Friday: The Myth of Maximizing Shareholder Value with Bill Lazonick
By James McRitchie “The Institute for New Economic Thinking has a mission to nurture a global community of next-generation economic leaders, to provoke new economic thinking, and to inspire the economics profession to engage the challenges of the 21st century.”… [Click…
Searching for a new CEO: Who will be Microsoft’s next leader?
By Thomas Clarke “Microsoft is hunting for a new CEO, and five months after Steve Ballmer agreed to retire, the search continues. There are some key reasons why potential CEOs being considered for the post may think twice about accepting the…
Boeing goes to pieces
By Eamonn Fingleton “At a welcoming banquet in Japan in the 1980s, Ford Motor chairman Philip Caldwell received a memorably double-edged compliment. “There is no secret about how we learned to do what we do, Mr. Caldwell,” said the head…
WSJ: Corporate share buybacks soar
By Dan Weil “U.S. companies are buying back huge amounts of their own stock, and the ones executing the biggest buybacks are seeing their share prices rewarded handsomely.Companies in the Standard & Poor’s 500 Index purchased $128.2 billion of their…
Washington Post ran two articles
In December 2013, drawing on the research of theAIRnet president, Bill Lazonick, the Washington Post ran two articles, one by Jia Lynn Yang and one by Harold Meyerson,that were critical of stock buybacks.
Financial Governance for Innovation and Social Inclusion
On November 25, 2013, a conference on Financial Governance for Innovation and Social Conclusion at the UK House of Commons featured speakers involved in the Ford Foundation Reforming Global Financial Governance Initiative, including Bill Lazonick and Mariana Mazzucato.
