In a recent Brookings Institute report, William Lazonick explains how stock buybacks result in employment instability and income inequity, and why the shareholder-value ideology that legitimizes buybacks is fundamentally flawed. [Click on the image to download the full paper from…
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The Market Mirage
In a Time magazine article on March 26, Rana Foroohar discusses about the issues on buybacks and explains “what stock prices do–and don’t–tell us about the actual value of a company”. [Click HERE to read the article]
The Best Management Article Of 2014
In a Forbes magazine article on March 26, Steve Denning congratulates theAIRnet president William Lazonick for writing the award winning article [Profits without Prosperity], Harvard Business Review for publishing it, and the independent panel of business and academic leaders for selecting the…
William Lazonick is the 2014 HBR McKinsey Award winner for his September article “Profits Without Prosperity.”
William Lazonick is the 2014 HBR McKinsey Award winner for his September article “Profits Without Prosperity.” The HBR McKinsey Awards, judged by an independent panel of business and academic leaders, commend outstanding articles published each year in Harvard Business Review….
Stock buybacks under scrutiny: the McKinsey Award winner asks tough questions
William Lazonick, winner of the 56th annual McKinsey Award for the most influential article in the Harvard Business Review, asks, “who is enjoying prosperity and why?” [Click HERE to read more about the news at McKinsey]
William Lazonick’s Groundbreaking Study on Stock Buybacks Wins Top Honor
Harvard Business Review Announces 56th Annual HBR McKinsey Award Winners BOSTON, March 17, 2015 /PRNewswire/ — Harvard Business Review is pleased to announce that economist William Lazonick is the 2014 HBR McKinsey Award winner for his September article “Profits Without Prosperity.” [click HERE to read…
GM’s Stock Buyback Is Bad for America and the Company
William Lazonick and Matt Hopkins explain why the company’s recent stock buyback plan is bad for America and GM. [click HERE to read the full text at Harvard Business Review Blog Network]
To Boost Investment, End S.E.C. Rule That Spurs Stock Buybacks
By William Lazonick “U.S. corporate profits abound, but for most Americans, prosperity can’t be found. Open-market repurchases — stock buybacks — are central to the problem. From 2004 to 2013, 454 companies in the S&P 500 Index expended 51 percent of…
Want a healthy middle class? Bring back the long-term career.
Lynn Parramore blogs on why we need to bring back collective & cumulative careers to have a healthy middle class. Click HERE to read the article.
Robert Reich Is Right: Higher Wages Aren’t Coming Back, And Here’s Why
In a Forbes magazine article on January 15, Erik Sherman cites Bill Lazonick’s Harvard Business Review article “Profits without Prosperity” as the explanation of why higher wages aren’t coming back in the United States. Click HERE to read the article online…
