By Janet Sparks “Stock analysts are watching Panera Bread to see if the fast-casual franchise company will be able to catch up with its counterparts Chipotle Mexican Grill, Shake Shack and others. Panera’s stock fell by 10 percent, following its…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
The biggest scams
By enclaved134 “While the S&P 500 companies spent a record amount last year on capital expenditures before declaring profits, they invested far less of those profits back into their business than in prior decades. In the 1980’s such companies had…
US audit committees and capital allocation strategies
By David Bakst “Given the financial sophistication and independence of their members, Audit Committees can be seen as logical corporate governance bodies to initially address the increasing pressures on Board of Directors oversight of capital allocation that are resulting from…
Stock buybacks foster inequality, stifle innovation and growth
By Mike Brown “Stock buybacks enrich CEOs and shareholders but deny taxpayers and employees their fair share of profits and stifle innovation and job creation, according a study by William Lazonick, a professor at the University of Massachusetts Lowell and…
OECD: Activist investors are bad for investment
By J. W. Mason “The OECD has just released its new Business and Finance Outlook for 2015. A lot of interesting stuff there. We’ll want to take a closer look at the discussion of the problems that low interest rates pose for…
Elizabeth Warren’s anti-buyback call a winner
By Lisa Lee and Edward Hadas “Share buybacks are at record levels in the United States. All that cash might please investors. But it means there’s less for both innovation and workers, which means growing inequality.”… [Click HERE to read…
Qualcomm: How share buybacks hurt shareholders and society
By Steve Denning “Share buybacks are generally presented as shareholder-friendly actions. By reducing the number of shares, the stock price should normally increase, benefitting shareholders.”… [Click HERE to read the full article]
An open letter from Silicon Valley calls for bold organizational reform
By Steve Denning “An Open Letter on the Digital Economy released last week by a group of Silicon Valley venture capitalists and academics recognizes that new digital technologies are transforming the economy while creating massive wealth that is not being shared with…
The stock market is disappearing in one giant leveraged buyout
By Daniel Drew “It’s easy to find critics and doomsayers who predict that the next stock market crash is just around the corner. They could be right, but another possibility is that the stock market itself will disappear entirely.”… [Click HERE…
A closer look at Goldman Sachs’ stance on share buybacks
By Pam Martens and Russ Martens “Maybe we’re thinking about today’s stock market all wrong. As the largest corporations in America take on more and more debt to buy back their own shares and boost dividends to dress up their…
