Lazonick: Shareholders are looting the business corporation

“Predatory value extraction is causing sagging productivity and growth problems at many US companies that are trying to compete globally, Dr. William Lazonick, co-founder and president of The Academic-Industry Research Network, told Real Vision’s The Interview.

He said sustainable prosperity – stable employment coupled with equitable distribution of income – is not what’s happening at business corporations today.”…

via Seeking Alpha I by Real Vision I January 25, 2020

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