By Judith Samuelson “The Business Roundtable, one of the most powerful pro-business lobbying groups in the United States, released a new policy statement today that demonstrates just how much business thinking has shifted in the last decade about how to measure the…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Lowe’s spent billions on share buybacks, zero on severance for laid-off workers
By Kate Gibson “Lowe’s roughly 300,000 employees are “without question” the home-improvement chain’s “greatest asset,” according to their boss, CEO Marvin Ellison. He offered the shout-out at the retailer’s annual shareholder meeting in May, crediting a 15% boost in the…
US stock buybacks to remain elevated without policy change in sight
By Liu Yanan “The amount of money spent by US listed companies in buying back their own shares would continue to stay at a high level amid low interest rates and the low possibility of a new legislation to restrict…
Democrats bash corporate greed, but more stocks for all Americans may be a better wealth redistribution method
By Ganesh Setty “Democratic Party leaders have made Wall Street “greed” and corporate financial engineering, such as stock buybacks, a priority of efforts to reduce wealth inequality. Policy recommendations to tax stock market gains and target private equity are popular,…
US stock buybacks to remain elevated without policy change in sight
By Liu Yanan “The amount of money spent by US listed companies in buying back their own shares would continue to stay at a high level amid low interest rates and the low possibility of a new legislation to restrict…
Boeing: successful crisis management is only possible with an open corporate culture
By Janny Payne “With countless lives impacted, a string of lawsuits and a financial impact in excess of billions of dollars, the 737 MAX crisis is the most significant Boeing has ever faced. It has already provided the ultimate test of crisis…
The stock buyback swindle
By Jerry Useem “In the early 1980s, a group of menacing outsiders arrived at the gates of American corporations. The “raiders,” as these outsiders were called, were crude in method and purpose. After buying up controlling shares in a corporation, they…
How Stock Buybacks Undermine Healthy Capitalism
By Garvin Jabusch “Lots of Wall Street analysts and investors like it when companies buy back their own stock. Such stock buybacks typically mean that the company is on solid financial footing and wants to reclaim more control over its…
Pharma companies have spent billions buying back their own stock
By Allie Conti “Sa’Ra Skipper was diagnosed with Type 1 diabetes when she was five years old, which means she needs insulin to stay alive. But even though she has a full-time job that gives her health insurance, she’s among the 25 percent of…
Work on production line of Boeing 737 Max ‘not adequately funded
By BBC News “A former Boeing engineer has told the BBC’s Panorama programme that work on the production line of the 737 Max plane was not adequately funded. The aircraft is currently grounded after two crashes which killed 346 people….
