By Harvard Business Review press release
“Harvard Business Review is pleased to announce that economist William Lazonick is the 2014 HBR McKinsey Award winner for his September article “Profits Without Prosperity.”
In the article, Lazonick describes the damaging effects of massive stock buybacks, arguing that they undermine income equality, job stability, and growth, and mostly serve the interests of executives, whose compensation is often heavily based on stock.”…
[Click HERE to read the full article]
