By Susan Houseman “Suzanne Berger makes a compelling case that manufacturing is crucial to innovation and the health of the U.S. economy, that the sector is in trouble, and that the financial system bears much of the blame.”… [Click HERE…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Yves Smith discusses “The Myth of Maximizing Shareholder Value”
On January 24, Yves Smith, creator of Naked Capitalism, discusses “The Myth of Maximizing Shareholder Value” and theAIRnet president Bill Lazonick’s research on the same issue.
Video Friday: The Myth of Maximizing Shareholder Value with Bill Lazonick
By James McRitchie “The Institute for New Economic Thinking has a mission to nurture a global community of next-generation economic leaders, to provoke new economic thinking, and to inspire the economics profession to engage the challenges of the 21st century.”… [Click…
Searching for a new CEO: Who will be Microsoft’s next leader?
By Thomas Clarke “Microsoft is hunting for a new CEO, and five months after Steve Ballmer agreed to retire, the search continues. There are some key reasons why potential CEOs being considered for the post may think twice about accepting the…
Boeing goes to pieces
By Eamonn Fingleton “At a welcoming banquet in Japan in the 1980s, Ford Motor chairman Philip Caldwell received a memorably double-edged compliment. “There is no secret about how we learned to do what we do, Mr. Caldwell,” said the head…
WSJ: Corporate share buybacks soar
By Dan Weil “U.S. companies are buying back huge amounts of their own stock, and the ones executing the biggest buybacks are seeing their share prices rewarded handsomely.Companies in the Standard & Poor’s 500 Index purchased $128.2 billion of their…
Washington Post ran two articles
In December 2013, drawing on the research of theAIRnet president, Bill Lazonick, the Washington Post ran two articles, one by Jia Lynn Yang and one by Harold Meyerson,that were critical of stock buybacks.
Financial Governance for Innovation and Social Inclusion
On November 25, 2013, a conference on Financial Governance for Innovation and Social Conclusion at the UK House of Commons featured speakers involved in the Ford Foundation Reforming Global Financial Governance Initiative, including Bill Lazonick and Mariana Mazzucato.
Buyback boondoggle: Are share buybacks killing companies
By Eric Reguly “Paul Polman, the CEO of Unilever, thinks American-style capitalism is broken, and he blames, in good part, the cult of shareholder value that has been all the rage since the 1980s. Since taking the helm in 2009…
Time to put an end to the cult of shareholder value
By Eric Reguly “Paul Polman, the CEO of Unilever, thinks American-style capitalism is broken, and he blames, in good part, the cult of shareholder value that has been all the rage since the 1980s. Since taking the helm in 2009 of…
