By Jonathan Allen “U.S. presidential candidate Hillary Clinton will criticize the surge in public companies using profits to buy back stocks in a speech she is due to give on Friday, her campaign said, arguing the practice comes at the…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Hillary Clinton calls out CEOs for short-term thinking. Is she right?
By Mark Trumbull “Back in the heyday of the long bull market in American stocks, one idea reigned supreme in corner offices and corporate boardrooms: CEOs could and should be measured by their ability to maximize “shareholder value.” The chief…
Pushing back on ‘quarterly capitalism’ and incentivizing more investmen
By Jared Bernstein “Interesting news out of the HRC campaign yesterday. They’re considering tweaking the capital gains tax rate schedule to incent more patient holdings and push back on what they call “quarterly capitalism.”… [Click HERE to read the full article]
Forget QE, Wall Street’ new drug is the stock buyback
By Wallace Witkowski “With the Federal Reserve’s quantitative-easing program out of the picture, share buybacks are now the preferred way to boost stock prices in the face of softening earnings. But like QE, it is unclear how long the buyback…
Forget QE: Wall Street’s new drug is the stock buyback
By Ryan Litfin “Share buybacks are now the preferred way to boost stock prices in the face of softening earnings. Quarterly spending on dividends has risen 80% and capital-expenditure budgets have risen 44% since early 2009, whereas spending on buybacks has…
Beyond fairness: Skyrocketing CEO pay is bad for our economy
By Susan Holmberg “Next week marks the 5th anniversary of the Dodd-Frank Wall Street Reform and Protection Act. While the law has made some solid strides toward regulating Wall Street (with the creation of the Consumer Financial Protection Bureau arguably…
Hillary to Jeb Bush: The Problem is CEOs, not their workers
By Jonathan Cohn “Jeb Bush got a lot of attention last week when he suggested that Americans who want higher living standards need to work harder. During a speech on Monday, Hillary Clinton happily served up a rejoinder: It’s the…
How the SEC engineered every stock market bubble since 1982
By Daniel Drew “Many Americans have discovered that those entrusted to protect us often become the most dangerous threats. Whether it’s corrupt cops, bogus journalists, or even Ponzi-scheming church elders, it’s not difficult to understand why trusting authorities has seemed like a risky…
Ban buybacks?
Institute staff “Strategy: Progressive Threat. I believe that Joe and I were among the first investment strategists to stress the importance of buybacks and dividends in driving the current bull market in stocks. There were lots of vocal bears during…
Surprise! CEOs are getting rich by buying back stock
By Tyler Durden “By now, there should be no doubt about who to thank for the record highs US stocks have put in this year. Investors should direct their appreciation first to the FOMC and second to corporate management teams,…
