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Summary

William Lazonick, a professor of economics at the University of Massachusetts Lowell, writes about how executives are using massive stock buybacks to manipulate share prices and boost their own pay – at great cost to innovation and employment.

This article was first published in the September 2014 issue of Harvard Business Review.

©2014 by the President and Fellows of Harvard College, All Rights Reserved (P)2014 Audible Inc.

What listeners say about Profits Without Prosperity (Harvard Business Review)

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  • J. Young
  • 14-10-20

A must listen

I've read everything the author has done, and the idea of value extraction for the benefit of the few, while asking for more tax payer money for bailouts, or R&D on their products.

Airlines are demanding billions of dollars of taxpayer dollars while they've spent 12 trillion across the last decade buying back their own stock.

Imagine how much better this country would be in terms infrastructure, healthcare, education if we stopped funneling taxpayer dollars to corporations to pay for what they should be paying for.