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Economist: GM’s $5bn buyback ‘bad for America’

By Justin King (originally published by LeftLaneNews) – General Motors’ $5 billion stock buyback plan has been met with criticism from some analysts and experts. The company announced the move after an activist investor threatened to run for a seat on the board and push for a larger $8 billion buyback. The initiative may be great for GM investors in the near term, but University of Massachusetts economics professor William Lazonick argues that the investment threatens GM’s stability if the industry encounters another downturn….

[Cross-posted from LeftLaneNews publication of March 12, 2015
at http://www.leftlanenews.com/analyst-gms-5b-stock-buyback-bad-for-america.html]

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