After graduating from Oberlin College and Princeton University’s School of Public and International Affairs (MPA 1975), Les co-founded the Labor Institute (1976), a non-profit organization that designs research and educational programs on occupational safety and health, the environment and economics…
Author: Oner Tulum
Kenneth J. Lipartito
Kenneth J. Lipartito is Professor of History at Florida International University. He has held academic positions at Middlebury College, Rice University, and the University of Houston. A specialist in business and economic history and the history of technology, his work…
Boeing’s Deadly Design | American Greed
William Lazonick interview on “Boeing’s Deadly Design,” an episode of American Greed aired by CNBC on January 26, 2022. [Click HERE to read more]
Apple becomes the first company to hit $3 trillion market value
…Apple, for instance, has spent billions of dollars buying its own stock while also using low-wage workers to assemble its products, working hard to avoid taxes and tariffs, and continually raising the prices on its devices. “Apple could have gone and…
A major transparency in share buybacks
…After a brief pandemic respite, share buybacks are back with a vengeance. In the third quarter of 2021, S&P 500 companies spent a record $235 billion on buybacks, adding to the $6.3 trillion spent on stock repurchases in the decade before the pandemic….
Sophie van Huellen
Sophie van Huellen Sophie van Huellen is a Lecturer in Development Economics at the Global Development Institute (GDI) at the University of Manchester. Her research focuses on production/extraction and processing of primary commodities; financialisation of commodity markets and sectors; financialisation…
With CHIPS Act, US Risks Building a White Elephant
…”Several U.S. tech companies now lobbying for the CHIPS Act have squandered past support from the U.S. government while instead showing more appetite for share buybacks to boost company stock prices. Among the Semiconductor Industry Association (SIA) corporate signatories of…
Stock buybacks are back, baby
…”William Lazonick, president of the Academic-Industry Research Network and a professor emeritus of economics at the University of Massachusetts, said that buybacks were being fueled by public spending to the extent that “profits are being generated by the fact that…
What a tax on stock buybacks would and wouldn’t mean for the bull market
…And then there’s Apple, with the biggest share repurchase program of all, and a customer of Taiwan Semiconductor Manufacturing Company, which has started construction on a $12 billion plant in Arizona. “Apple is spending six times that in one year…
# 12. Who controls the supply of COVID-19 vaccines, and why does it matter?
by Öner Tulum, William Lazonick, Ken Jacobson, and Ellen Chappelka Nine months after the US Food and Drug Administration (FDA) granted emergency use authorization (EUA) to the first of…
