By Les Leopold “Runaway inequality is destroying the American Dream. Is it too late to save it? That depends on what is really driving inequality. In the 1960s the gap between CEOs and the average worker was 20 to 1….
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
The Real Roots of Hedge Fund Manager Rage
By Jesse Eisinger “The anger of the investing class has curdled into paranoia. Paul Singer, the head of the $25 billion hedge fund Elliott Management, had an Edvard Munch moment in his most recent letter to his investors.”… [Click HERE to read the…
Maximizing shareholder value is (literally) killing us
By Brian Callaci “We depend on the research and development efforts of pharmaceutical companies to develop treatments for the most dangerous diseases on the planet, but the largest of those companies appear more interested in financial engineering than creating lifesaving…
Australian business is too ‘risk averse’
By John Menadue “In August this year the Governor of the Reserve Bank of Australia, Glen Stevens, told a Parliamentary hearing that Australian companies were being ‘too risk averse’ by focusing on sustaining a flow of dividends and returning capital…
Finanza: ‘activist investors’ o gramigna del mondo?
By Roberto Marchesi “Il termine “attivista” si riferisce in genere a qualcuno che svolge qualche attività politica o sociale con un impegno maggiore a quello usato normalmente dagli altri. Il vocabolario Zingarelli lo definisce come un “Militante di base che partecipa…
The surprising truth about where new jobs come from
By Steve Denning “Don’t let anybody tell you that it’s corporations and businesses that create jobs,” Hillary Clinton said last week in Boston. “You know that old theory, trickle-down economics. That has been tried, that has failed. It has failed…
In praise of Carl Icahn’s Apple buyback proposals
By Tim Worstall “Carl Icahn’s idea that Apple should buy back even more of its own stock is coming under fire from certain quarters. The insistence being that instead of just returning those profits to shareholders the company should instead be investing in…
Put the brakes on share repurchases
By Andrew M. Silton “If you are the CEO of public company a sizable portion of your compensation is based on a single decision: how much of your company’s stock should be repurchased. The financial press is awash in articles describing…
As share buybacks wane investors feel the pain
By Xavier Brenner “One of the big mysteries behind the bull market that kicked off in March of 2009 is how stock prices have powered higher and higher without the mainstay support of retail investors. Turns out companies with cash…
Investing in own stock, may compromise companies’ long-term growth
By Qingqing Chen “While stock buybacks have gained momentum on Wall Street over the last five years, economists are becoming more and more cautious about the motives behind them. Despite a slight decline in the third quarter of 2014, the…
