By Arnie Arnesen [Clicke HERE to listen the interview]
AIR ANALYSIS
Comments on economic issues and developments published by AIR researchers and affiliates
Stock buybacks: Driving a high-profit, low-wage economy
By Lenore Palladino “Stock buybacks by America’s largest public companies have exploded—one financial services firm recently predicted that buybacks would increase by as much as 50 percent this year to $800 billion following passage of the Tax Cuts and Jobs…
The ‘Tax Cuts for Shareholders’ Act
By Lenore Palladino “In the six weeks since the passage of the GOP tax plan, officially known as the Tax Cuts and Jobs Act, businesses have been lauded for announcements of wages and bonuses. Yet it’s corporate stock buybacks —…
SEC nominees must not grant companies ‘safe harbor’ with buyback rule
By Lenore Palladino “Last week, two nominees went before the Banking Committee to get their chance to become the next commissioners of the Securities and Exchange Commission.”… [Click HERE to read the full article]
How big pharma created the opioid epidemic
By Lynn Parramore “Over a 40-year career, Philadelphia attorney Daniel Berger has obtained millions in settlements for investors and consumers hurt by a rogues’ gallery of corporate wrongdoers from Exxon to R.J. Reynolds Tobacco. But when it comes to what…
Big Pharma plays every dirty trick in the book to transform teens and adults into opioid-zombiefied addicts
By Lynn Stuart Parramore “Over a 40-year career, Philadelphia attorney Daniel Berger has obtained millions in settlements for investors and consumers hurt by a rogues’ gallery of corporate wrongdoers from Exxon to R.J. Reynolds Tobacco. But when it comes to…
How economists turned corporations into predators
By Lynn Parramore “In a new INET paper featured in the Financial Times, economist William Lazonick lays out a theory about how corporations can work for everyone – not just a few executives and Wall Streeters. He challenges a set of controversial…
How Economists Turned Corporations into Predators
By Lynn Parramore “The Idea That Businesses Exist Solely to Enrich Shareholders Is Harmful Nonsense In a new INET paper featured in the Financial Times, economist William Lazonick lays out a theory about how corporations can work for everyone – not just…
How “Shareholder Value” is Killing Innovation
By William Lazonick “Conventional wisdom holds that the primary function of the stock market is to raise cash that companies use to invest in productive capabilities. The conventional wisdom is wrong.”… [Click HERE to read the full article]
Q&A: Economist William Lazonick on stock buyback mania that’s threatening the US economy
By Arne Alsin “A few years ago, the economist William Lazonick was contacted by an editor at Harvard Business Review and asked if he’d be interested in writing about his latest research on stock buybacks. Lazonick was surprised.”… [Click HERE…