By David Sirota and Andrew Perez “After taxpayer cash and pension cuts helped stabilize the company, hedge funds that had obtained equity in the company at a reduced price hit the jackpot when the firm went public.”… [Please click HERE to…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Election 2016: Hillary Clinton says her vote for Wall Street bailout shows her support for auto workers
By David Sirota and Andrew Perez “In her attempt to win Tuesday’s presidential primary in Michigan, Hillary Clinton has pioneered an innovative new message amid rising anti-Wall Street sentiment: At debates and in a campaign ad, she is portraying her vote to…
Now even private-equity firms are buying back their own shares
By Ciara Linnane and Tomi Kilgore “Carlyle Group LP reported a loss for the fourth quarter Wednesday, and became the third private-equity firm in recent months to unveil plans to buy back its own shares. Carlyle said it will buy back up…
Hillary not truthful about Wall Street speaking fees
By Les Leopold “Hillary is veering from the truth when she suggests her $225,000 per speech fee, paid three times by Goldman Sachs, was “what they offered.” It was not what they offered — it was what Team Hillary demanded.”……
Goldman Sachs: Stock buybacks to rescue the stock market
By Elizabeth MacDonald “Fears are growing that the U.S. is on the cusp of a recession, with possibly three straight quarters of S&P 500 corporate profit declines, four straight quarters of revenue declines, another bad print for the ISM manufacturing…
Four of the largest Wall Street banks hit twelve-month lows last week
By Pam Martens and Russ Martens “Last Wednesday something noteworthy happened on Wall Street. Four of the largest Wall Street banks, each holding trillions of dollars in derivatives, hit new 12-month lows in intraday trading. The banks are Bank of…
Share buyback machine remains in overdrive and experts warn it will end badly
By Ciara Linnane and Tomi Kilgore “In the midst of a gloomy earnings season, the share buyback machine has remained in overdrive, and some experts are cautioning it will all end badly. Companies, even those that are missing profit and…
E.T., My Little Pony, and stock buybacks
By Margaret Michaels “What were you doing in 1982? E.T. was the #1 movie at the box office, Olivia Newton-John had the #1 billboard song, “Physical,” and My Little Pony was the #1 Christmas gift. Looking back, we were all…
Larry Fink, other Wall Street heavies, complain about short-termism. Can they turn the tide?”International Business Times, February 3, 2016.
By Owen Davis “A new strain of Wall Street criticism has cropped up in an unlikely place: the C-suite of JPMorgan Chase. There, Chief Executive Jamie Dimon has joined with Laurence Fink, co-founder and head of asset manager BlackRock, to lead regular confabs of…
Blackrock’s Fink calls on CEOs to focus on long-term goals (interview with William Lazonick)
By Sue Herera and Tyler Mathisen [Click HERE to watch the interview] (segment at 19:34-23:02)
