How stock buybacks hurt long-term investors: Q&A with economist William Lazonick

By Arne Alsin

“Facing record-setting levels of buyback activity in 2018, we thought we’d revisit our 2017 interview with award-winning economist William Lazonick.

Lazonick is a professor of economics at the University of Massachusetts Lowell who studies innovation and competition in the global economy. He is also the author of Profits Without Prosperity, an exposé into how trillions of dollars of stock buybacks are being used by CEOs to enrich themselves at the expense of American workers, and long-term shareholders.”…

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