By Eric Reed “It’s one of the defining questions of our age: how do companies keep doing better while ordinary people continue to struggle? There’s more money than ever out there and the economy has officially recovered from the Great…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Buyback-golf slecht voor economie
By Ruben Munsterman “Bedrijven die eigen aandelen inkopen? Een bullish signaal voor beleggers maar een veeg teken voor de economie. De Amerikaanse economie kent twee kanten. Enerzijds is er de positieve kant van stijgende beurskoersen en torenhoge bedrijfswinsten.”… [Click HERE…
The Financial Times slams ‘the world’s dumbest idea’
By Steve Denning “Good news! The Financial Times has come out forcefully against maximizing shareholder value. The article declares that we have made a mess of the way companies are run.”… [Click HERE to read the full article]
Can reforming executive compensation resolve the Capitalist’s Dilemma
By Tom Bartman “The September issue of HBR has an interesting article titled “Profits Without Prosperity” by William Lazonick ( http://hbr.org/2014/09/profits-without-prosperity/ar/1). In the article Lazonick posits that stock buy-backs are a key cause of companies’ failure to invest in growth/market creating…
Buybacks blamed for lack of U.S. prosperity
By Russ Britt “As major stock indexes touch new highs on a regular basis, one academic says those profits are here courtesy of massive share buyback initiatives throughout the bulk of corporate America — and could come back to haunt…
From value creation to value extraction
By Shareholders Unite “We had a feeling we were onto something when we asked last year whether the stock market had become dysfunctional. Our particular worry was that the stock market had changed from a means to finance companies, that is, new…
How corporate share buybacks are destroying America
By Joshua Brown “Happy Labor Day! This weekend’s must-read is quite apropos of today’s holiday. ‘Profits Without Prosperity’, an incredible article at the Harvard Business Review, shows exactly how corporate share buybacks have gotten out of control in the last…
The rich as spoiled brats with infinite power
By Frank Moraes “One of the most famous episodes of The Twilight Zone is, “It’s a Good Life.” In it, Bill Mumy plays Anthony — a little boy with special mental powers that isolates a small group of people in his own…
Happy irony day,
By Bob Dunn “Thirty-five years ago I was a newspaper reporter covering events surrounding the United Steelworkers Union and the American steel industry in Wheeling, W.Va. and Pittsburgh. Steelworkers had physically demanding, dangerous jobs, but their union was powerful and…
Give It to the Shareholders!
By Jerry Strawser “What do ExxonMobil, Microsoft, IBM, Cisco Systems, Procter & Gamble, Hewlett-Packard, Walmart, Intel, Pfizer and General Electric have in common? A recent Harvard Business Review article by William Lazonick (“Profits without Prosperity”) identified these companies as being…
