“In a 2019 Gallup poll, Big Pharma ranked as the most disliked industry in America. Rosie Collington, a graduate student at the University of Copenhagen and a researcher at the Academic-Industry Research Network, knows why: She has studied how major insulin manufacturing…
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With working Americans’ survival at stake, the US is bailing out the richest
“Amid a humanitarian crisis compounded by mass layoffs and collapsing economic activity, the last course our legislators should be following is the one they appear to be on right now: bailing out shareholders and executives who, while enriching themselves, spent…
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…
Why Stock Buybacks Are Dangerous for the Economy
By William Lazonick, Mustafa Erdem Sakinç and Matt Hopkins “Even as the United States continues to experience its longest economic expansion since World War II, concern is growing that soaring corporate debt will make the economy susceptible to a contraction that could get out…
Prescription drug costs in Americans are sky-high. And yes, Big Pharma greed is to blame
“As debates around drug prices heat up on the presidential campaign trail, the House of Representatives voted in December to pass Speaker Nancy Pelosi’s drug bill, which contains key provisions allowing the government to negotiate lower prices on at least 50 drugs each year.”……
Stock Buybacks Threaten Economic Growth
By Michelle Celarier “Soon after economist William Lazonick became a fellow at Harvard Business School in 1984, the world he had studied for decades began to radically change. Instead of plowing their profits back into their businesses, companies were being…
Did Boeing prioritize profits over safety? (Interview with William Lazonick)
By Warren Olney “Since March some 387 Boeing 737 Max jets have been grounded by regulators and airlines with no end in sight. Boeing profits have tanked. Last month the company recorded its biggest ever quarterly loss and deliveries are at…
After Over Three Decades, Rebel Economist Breaks Through to Washington. Here’s How He Did It.
By Lynn Parramore “The idea that businesses are run to maximize profits for shareholders is just plain wrong, says William Lazonick Ever heard that a corporation’s sole duty is to maximize value for shareholders? In the go-go ‘80s, business schools,…
Boeing 737 MAX 8: A Story of Profits Over Safety?
BySam Seder Interview of William Lazonick by Sam Seder… [Click HERE to watch the interview]
Make Passengers Safer? Boeing Just Made Shareholders Richer.
Make Passengers Safer? Boeing Just Made Shareholders Richer. nd none more so than their own executives