By Steven L. Mintz, January 15, 2015 – U.S. companies repurchased $144 billion in shares during the third quarter of 2014, according to our latest Buyback Scorecard, but the effectiveness of the strategy has been called into question. Click HERE to…
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Who is the Economy Working For? The Impact of Rising Inequality on the American Economy.
As an explanation for rising inequality in the United States, Senator Elizabeth Warren invoked Bill Lazonick’s research in the September issue of Harvard Business Review. Watch this clip from the Senate Banking Subcommittee on Economic Policy hearing, “Who is the…
How Superstar Companies Like Apple Are Killing America’s High-Tech Future
In this December 11 Huffington Post Blog piece, author and cultural theorist Lynn Parramore interviews theAIRnet president William Lazonick and talks about where high-quality, low-cost technology products actually come from: Few would argue that America’s fortunes rise and fall on its ability to put…
An Open Letter to Tim Cook, CEO of Apple – What Apple Should Do with Its Massive Piles of Money
AIRnet president Bill Lazonick’s open letter to Tim Cook, CEO of Apple, appeared in HBR Blog Network on October 20, 2014. In this letter, Bill Lazonick explains why he views the $51 billion already spent by Apple on open market (including…
Carl Icahn’s Bad Advice
The New York Times Op-Ed Columnist Joe Nocera discusses about why Tim Cook should stop caring what Carl Icahn thinks. Click HERE to read the full text.
What Apple Should Do with Its Massive Piles of Money
By William Lazonick “An Open Letter to Tim Cook, CEO of Apple Dear Mr. Cook, In a recent article posted on this website, I criticized Carl Icahn’s call for your company to intensify its stock buybacks. In this letter, I’d like to explain more…
Buybacks: Money well spent?
The Financial Times contributors, Michael Mackenzie, Tom Braithwaite and Nicole Bullock ask whether the buybacks of corporate stocks are the money well spent? Click here to read the full text.
Richard Trumka on “Profits Without Prosperity”
Richard Trumka talked with reporters at a “Monitor Breakfast” held by the Christian Science Monitor and discussed the recent Harvard Business Review article on stock buybacks authored by theAIRnet president William Lazonick.
ROOM for DEBATE: Pocketing Profits or Reinvesting Them
U.S. corporate profits abound, but for most Americans prosperity can’t be found. Open-market repurchases, aka stock buybacks, are central to the problem. For 2004-2013, 454 companies in the S&P 500 Index expended 51% of their profits, or $3.4 trillion, on repurchases, on…
Time for reasonable curbs on stock buybacks
Former U.S. Senator Ted Kaufman argues that stock buybacks “are great for the top earners but hurt overall economic growth and exacerbate income inequality.” Click here to read the full text.