By ValueEdge Blog Staff “Dear Senator Warren, We are a group of long-term scholars and practitioners of the law, finance, and economics of corporations and other business entities. We write you now in support of your Accountable Capitalism Act. We…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Elizabeth Warren has a plan to save capitalism
By Matthew Yglesias “Elizabeth Warren has a big idea that challenges how the Democratic Party thinks about solving the problem of inequality. Instead of advocating for expensive new social programs like free college or health care, she’s introducing a bill…
Warren introduces Accountable Capitalism Act
By Megan Keller “Sen. Elizabeth Warren (D-Mass.) introduced the Accountable Capitalism Act on Wednesday, saying that it will ease income inequality and help hold large companies accountable to their employees.”… [Click HERE to read the full article]
Companies shouldn’t be accountable only to shareholders
By Elizabeth Warren “Corporate profits are booming, but average wages haven’t budged over the past year. The U.S. economy has run this way for decades, partly because of a fundamental change in business practices dating back to the 1980s. On…
Will this climate of share buybacks pay dividends for Irish companies?
By Dan White “Three of Ireland’s largest companies are spending up to €2.3bn buying back their own shares. But are such buybacks the best use of companies’ cash? Last week, quoted bookie Paddy Power Betfair, which announced a £500m share…
Apple’s stock market scam
By Alex Shepherd “Apple beat Amazon and Google in the race to become the first trillion-dollar company in the U.S. on Thursday afternoon, when its stock hit $207.0425 a share. (It closed slightly higher.) It’s another milestone for what might be the…
As workers wonder where their share is, employers warn of raises
By Bill McKnight “Between wage hikes and bonuses, the Trump administration last year predicted that average U.S. household income this year would jump by $4,000 because of “tax reform.” Trump economic adviser Kevin Hassett said, “There really shouldn’t be much…
Why shareholder value drives income inequality
By Thomas Clarke “The CEO of Domino’s Pizza takes home roughly 435 times the average full-time wage. Jeff Bezos has become the world’s richest person with a A$200 billion fortune off the backs of low-paid Amazon warehouse workers. Rampant inflation in CEO realised pay has…
The resurgence of political authoritarianism: An interview with Noam Chomsky
By C. J. Polychroniou “Following the end of World War II, liberal democracy began to flourish in most countries in the Western world, and its institutions and values were aspired to by movements and individuals under authoritarian and oppressive regimes….
How stock buybacks hurt long-term investors: Q&A with economist William Lazonick
By Arne Alsin “Facing record-setting levels of buyback activity in 2018, we thought we’d revisit our 2017 interview with award-winning economist William Lazonick. Lazonick is a professor of economics at the University of Massachusetts Lowell who studies innovation and competition in the…
