By Cameron Graham “It was about an article in the Atlantic, in which authors William Lazonick and Matt Hopkins argued that executive compensation is drastically under-reported. They are right.”… [Click HERE to read the full article]
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Larry Fink, other Wall Street heavies, complain about short-termism. Can they turn the tide?
By Owen Davis, International Business Times, February 3, 2016 – But does focusing on “short-termism” allow executives to avoid discussing vital reforms that would change their practices – and likely cut their pay? [Click HERE to read the full article]
Blackrock’s Fink calls on CEOs to focus on long-term goals
By Sue Herera and Tyler Mathisen, Nightly Business Report, February 2, 2016 – William Lazonick, interviewed on TV’s Nightly Business News (segment at 19:34-23:02), outlines role of incentives in undermining executives’ concern for corporate strategy. [Click HERE to watch the…
What CEOs Do for a Living
By Harold Meyerson, The American Prospect, January 28, 2016 – As American CEOs look out for No.1, they give productive capability short shrift, sending the nation’s economy into a downward spiral. [Click HERE to access the paper via The American Prospect]
Pfizer’s buyback: Elixir for shareholders, jagged little pill for R&D
January 2, 2016 – Eric Reguly of the Globe and Mail, armed with theAIRnet’s research, charges that “North American-style capitalism obviously prefers buybacks” to innovation. [Click HERE to access the paper via The Globe and Mail]
How to end the stock buyback deluge
December 26, 2015 – Harold Meyerson uses his parting Washington Post column to decry stock buybacks, set their elimination as “a goal for the Obama administration’s final year.” [Click HERE to access the paper via The Washington Post]
A Wall Street-Main Street split
By Michael Kranish, Boston Globe, December 26, 2015 – A Wall Street winner, troubled by his industry’s contribution to economic inequality, forms Patriotic Millionaires to push for policy change. [Click HERE to access the paper via Boston Globe]
Innovative Enterprise or Sweatshop Economics? In Search of Foundations of Economic Analysis
In a recent Institute for New Economic Thinking working paper, William Lazonick explains the fallacy of “perfect competition” as the ideal of economic efficiency. [Click HERE to access the paper via Institute for New Economic Thinking]
“Profits Without Prosperity” is Among the Winners of 2015 Folio: Eddie Award
William Lazonick’s Harvard Business Review article, “Profits Without Prosperity” has won an “Eddie” in Folio’s annual competition for the category “Consumer–Series/Single Article-Banking/Business/Finance.”
How Clintonomics Created Carly Fiorina – And how they hamper Hillary Clinton
Time magazine editor Rana Foroohar says that Hillary Clinton must disown the “quarterly capitalism” policies of the Bill Clinton administration. [Click HERE to read the full article]