This front-page Boston Globe article on the negative impacts of stock repurchases on employment and income distribution quotes Bill Lazonick as saying: “Stock buybacks should be illegal. They are manipulation of the market.” [Click HERE to read the full article]
Tag: homeopinion
Big Firms Increasingly Resort To ‘Corporate Cocaine’
In a Forbes.com article, Steve Denning explains why the practice of massive share buybacks among public companies is like “snorting corporate cocaine.” [Click HERE to read the full article]
Hit-and-run shareholders like Carl Icahn eat at Apple’s core
Globe & Mail columnist Eric Reguly reports on hedge-fund predator Carl Icahn’s continued activism to get Apple to do ever more buybacks to pump up its stock prices so that, at a propitious time, he can dump the stock for…
The gulf of Wall Street
In his Haaretz article on May 1, Guy Rolnik cites and quotes Bill Lazonick’s research on buybacks: Economics professor William Lazonick says the axiom that a company’s sole goal is to profit its shareholders has been bad for business… [Click HERE…
What Apple’s Gargantuan Cash Giveaway Really Means
In a Time magazine article on April 27, Rana Foroohar cites Bill Lazonick’s research on buybacks and explains “what Apple’s gargantuan cash giveaway really means”. [Click HERE to read the full article]
How the stock market destroyed the middle class
In a MarketWatch article on msn.com, Rex Nutting cites Bill Lazonick’s research and discusses how “share buybacks encourage executives to loot companies, stall innovation and depress wages.” [Click HERE to read the full article]
One of Elizabeth Warren’s favorite crusades is gaining steam again
In a Business Insider article on April 26, Portia Crowe argues that stock buybacks could become the next big issue in Congress. [Click HERE to read the full article]
Are Stock Buybacks Hurting The Working Class? US Senator Presses SEC To Reexamine Its Policies
In an International Business Times article on April 25, Owen Davis explains how the discussion on stock buybacks is quickly moving to the national political stage. [Click HERE to read the full article]
Elizabeth Warren on “the Unfinished Business of Financial Reform”
On April 15, 2015, in a speech “The Unfinished Business of Financial Reform”, Sen. Elizabeth Warren cited Bill Lazonick’s Harvard Business Review article “Profits Without Prosperity”, in arguing that “we can put in place strong, enforceable securities rules that don’t…
Sen. Baldwin Questions SEC on Buybacks
Sen. Tammy Baldwin has written a letter to SEC Chair Mary Jo White, questioning Rule 10b-18 that since 1982 has given corporations a safe harbor from manipulation charges in doing stock buybacks. Sen. Baldwin’s letter draws on Bill Lazonick’s research…
