That’s the amount of buybacks U.S. corporations funneled to shareholders during the past decade—rather than invest in technologies for the common good.
William Lazonick
William Lazonick is professor emeritus of economics at the University of Massachusetts and the president of the Academic-Industry Research Network.
Posted inEnergy and the Environment
Make Passengers Safer? Boeing Just Made Shareholders Richer.
And none more so than their own executives
Posted inEconomic Policy
How Stock Buybacks Undermine Sustainable Prosperity
The debate over buybacks is a debate over how to create more broadly shared prosperity. Here’s why their defenders’ arguments are flat-out wrong.
Posted inMoney, Politics, and Power
The Curse of Stock Buybacks
For the past three decades, the overriding priority of American corporations has been paying their shareholders. That’s just what they’ve done with their tax cut.