Stock buybacks under scrutiny: the McKinsey award winner asks tough questions,

By McKinsey press release

“Corporate profits are at record levels, the stock market is booming, and American workers are at their most productive—but who is enjoying prosperity and why? That’s the provocative question William Lazonick considers in “Profits Without Prosperity,” winner of the 56th annual McKinsey Award for the most influential article in the Harvard Business Review.”…

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