How ‘short-termism’ is hurting the US economy, in 3 charts

By James Pethokoukis (originally published by American Enterprise Institute) - Earlier this year, BlackRock boss Laurence Fink wrote an open letter to Corporate America bemoaning its short-termism: “Too many companies have cut capital expenditure and even increased debt to boost dividends and increase share buybacks.” Economist William Lazonick (h/t to Joshua Brown) cites Fink in his Harvard Business Review analysis of corporate short-termism….

[Cross-posted from American Enterprise Institute publication of September 3, 2014
at http://www.aei.org/publication/how-short-termism-is-hurting-the-us-economy-in-3-charts/print/]

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