The American disease’: Canadian companies pouring cash into stock buybacks as backlash grows abroad

By Geoff Zochodne

“For someone who grew up in Canada, William Lazonick sure is earning a lot of recognition and citations these days from lawmakers in the United States.

The longtime economics professor has for years written about and critiqued the shareholder-value infatuation among companies south of the border. But in 2014, he amped things up by writing an article for the Harvard Business Review that declared stock buybacks in the U.S. “have become an unhealthy corporate obsession.”…

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