By Steve Denning “Labor Day,” writes Harold Meyerson in the Washington Post, has become a “mocking reminder that this nation once honored workers.” Why are workers no longer honored and rewarded?”… [Click HERE to read the full article]
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Why you are poor
By Christopher Hull “Today I saw two men at a gas station fight to see which of them would get to go through the trash in front of the store to look for cans, bottles, or thrown away food. It…
From CEO ‘Takers’ to CEO ‘Makers’: The great transformation
By Steve Denning “Earlier this week, I discussed the problems of share buybacks as delineated in “Profits Without Prosperity,” an article by William Lazonick in the September issue of Harvard Business Review and explained how CEOs, through the pervasive use of share…
HBR: How CEOs became takers, not makers
By Steve Denning “Business leaders generally present themselves as the creators of jobs, the real makers of the economy, claiming to add value to their organization, to the economy and to society. But in the US over the last few…
Coming to a pension fund near you: ‘Smoothing’
By Denny Gulino “With Congress allowing firms to delay pension contributions, and many firms saying they will use the windfall to buy back their own stock, a study published Wednesday may focus new attention on the practice. The study, conducted…
Stock-based pay becomes a monster as the rich get richer
By Eric Reguly “The rich and the super-rich are getting richer. We all know that. The question is why? Every economist on the planet has a theory. Some blame waning productivity gains or workers’ losing their war with the robots.”……
The middle class gets creamed again: Why CEO performance pay is awful for everyone but CEOs
By Richard Kirsch “Americans hate the fact that CEOs of big corporations keep raking in millions while the incomes of most American households are sinking. Now a new Roosevelt Institute white paper by University of Massachusetts economist William Lazonick adds to the growing case that…
How corporations inflate CEO pay with stock buybacks – and why it’s bad for the rest of us
By Sam Pizzigati “Back in 1979, notes a new Economic Policy Institute report released last week, households in America’s statistical middle — the 20 percent of households making more than the nation’s poorest 40 percent and less than the nation’s most affluent…
CEO performance pay is bad for everyone except CEOs
By Tim Price “Americans hate the fact that CEOs of big corporations keep raking in millions while the incomes of most American households are sinking. Now a new Roosevelt Institute white paper by University of Massachusetts economist William Lazonick adds to the growing case that…
Corporate stock buybacks offer little value, like a ‘sugar high’
By John Morgan “Stock buybacks by big American companies are near a historical peak, but the practice appears to do little to improve their underlying operations and robs them of money for research and future growth. USA Today’s John Waggoner calls stock…
