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Why excessive stock buybacks are worsening inequality (with Professor William Lazonick)

EPISODE · Jul 10, 2020 · 44 MIN

Why excessive stock buybacks are worsening inequality (with Professor William Lazonick)

from Econ For You · host Sanjana Chanda

In this episode, Professor William Lazonick (from the University of Massachusetts) explores how the purpose of firms seems to be to prioritise shareholders rather than its workers and innovation. His research explores how stock buybacks are a potential cause, especially in the US economy. It is worth having a read of his article 'Profits Without Prosperity' in the Harvard Business review and other papers mentioned throughout the podcast. Give it a listen to find out more! 

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Why excessive stock buybacks are worsening inequality (with Professor William Lazonick)

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