Robert Lenzner, former National Editor of Forbes, concludes that massive stock buybacks represent “an emergency in corporate land that requires investigation and possible changes to public policy.” Click here to read the full text.
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Steve Denning’s article series on stock buybacks
Steve Denning has written four articles on Forbes based on William Lazonick’s Harvard Business Review article and the growing debate on the role of stock-based pay in changing corporate governance. HBR: How CEOs Became Takers, Not Makers From CEO ‘Takers’…
Stock buybacks enriching executives, killing jobs (interview with Lynn Parramore)
By R. J. Eskow [Click HERE to watch the interview]
How Corporate Share Buybacks Are Destroying America
by Joshua Brown, The Reformed Broker – This weekend’s must-read is quite apropos of today’s holiday. ‘Profits Without Prosperity’, an incredible article at the Harvard Business Review, shows exactly how corporate share buybacks have gotten out of control in the last…
Harold Meyerson: In corporations, it’s owner-take-all
Harold Meyerson asks why the economy [has] ceased to reward work…. “Anyone seeking a more fundamental answer should pick up the September issue of the Harvard Business Review and check out William Lazonick’s seminal essay on U.S. corporations, ‘Profits Without Prosperity’.” Cross-posted…
Profits Without Prosperity (interview of William Lazonick)
Interviewed by Sam Seder [Click HERE to listen the interview]
The dirty little secret of how CEOs enrich themselves at your expense (Interview of William Lazonick)
By Lynn Parramore “Everyone from Warren Buffett to Robert Reich is talking about a favorite Wall Street trick called stock buybacks. But what are they and what do they mean to you? William Lazonick is a leading expert on the history of the American business…
From the Editor: A Call for Courage
by Adi Ignatius, Editor in Chief Harvard Business Review It’s been five years since the official end of the Great Recession, yet the U.S. economy continues to lag. True, corporate profits are healthy, and the stock market has soared—but most…
Patient capital is a virtue
In his blog post as part of FT Alphaville’s Mission Finance series, William Lazonick argues that stock buybacks and dividends are the mechanism by which financial interests, including top executives, reap gains that should be going to taxpayers and workers. Whenever…
Why Germany Dominates the U.S. in Innovation
AIR associate Dan Breznitz summarizes why Germany is outcompeting the United States as an innovative economy: Reading the headlines, you might think that the most urgent question about national success in innovation and growth is whether the U.S. or China…