Pocketing Profits or Reinvesting Them (debate on William Lazonick, “Profits Without Prosperity”)

Online feature

“Corporations have gone from retaining about 60 percent of their profits in the 1970s, to about 10 percent today, William Lazonick wrote in a recent Harvard Business Review article. Profits are instead being used to pay dividends to investors and to buy back stock to boost its price, benefiting the company’s executives.”…

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