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 —…
AIR ANALYSIS
Comments on economic issues and developments published by AIR researchers and affiliates
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…
Congress can turn the Republican tax cuts into new middle-class jobs
By William Lazonick “The deceptively named Tax Cut and Jobs Act slashes the corporate tax rate from 35 percent to 21 percent on the theory that companies will use the extra after-tax profits to make productive investments that will create…
If the SEC Measured CEO Pay Packages Properly, They Would Look Even More Outrageous
By William Lazonick and Matt Hopkins “On December 7, Portland, Oregon, passed a law that will impose a surcharge on the local business taxes paid by corporations that operate in the city when the CEO’s compensation is 100 times or…
