In a Time magazine article on May 21, Rana Foroohar cites and quotes Bill Lazonick’s research on buybacks : A lot has been made in recent years of the record amount of corporate cash on the balance sheets–around $2 trillion…
Tag: homeopinion
Stock buybacks surge: Is that a good thing?
In this May 29 USA TODAY article, columnist John Waggoner interviews theAIRnet president William Lazonick and refers to his work on buybacks : According to Wall Street legend, a speculator named Daniel Drew got his start by driving cattle into Manhattan,…
How parasite corporations like Pfizer are chucking U.S. citizenship to escape from taxes
By Lynn Stuart Parramore “Let’s say you’re a giant American corporation like Pfizer, founded in Brooklyn way back in 1849. The fact that you exist and make a profit is largely due to the generous support of U.S. taxpayers. It’s…
Why Buffett Should Vote ‘No’ on Coke
On April 24, Rana Foroohar’s interview with William Lazonick on the effects of buybacks on corporate compensation and inequality appeared on Time Magazine: The discussion over inequality is all the rage these days, and it’s been given a new wrinkle…
Share buybacks let income inequality grow
On April 4, journalist Eric Reguly’s interview with theAIRnet president William Lazonick on the issue of share buybacks in relation to growing inequality appeared on The Globe and Mail : Raising taxes is the logical answer, and taxes have indeed…
