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Tag Archives | CEO Pay

Executive pay

By Anders Melin (originally published by Bloomberg Quint) - The gap between pay for U.S. chief executive officers and the people who work for them has widened six-fold in three decades. Do bosses work six times as hard these days, or have they gotten smarter or scarcer?… [Cross-posted from Bloomberg Quint publication of January 23, 2018 at https://www.bloombergquint.com/quicktakes/2018/01/23/executive-pay]

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No corporate tax breaks for General Dynamics

By Bruce Gagnon (originally published by Coastal Journal) - General Dynamics (which owns Bath Iron Works) is embarking on a statewide public relations campaign to ask the state legislature in Maine for a $60 million tax break over the next 20 years for its operation in Bath… [Cross-posted by Coastal Journal publication of December 12, 2017 at https://www.coastaljournal.com/2017/12/12/letter-editor-no-corporate-tax-breaks-general-dynamics/]

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Maine voices: General Dynamics has no business asking for moretax breaks

By Bruce K. Gagnon (originally published by Portland Press Herald) - General Dynamics, which owns Bath Iron Works, is embarking on a statewide public relations campaign to ask the Maine Legislature for a $60 million tax break over the next 20 years for their operation in Bath… [Cross-posted from Portland Press Herald publication of December 4, 2017 at https://www.pressherald.com/2017/12/04/maine-voices-general-dynamics-has-no-business-asking-for-more-tax-breaks/]

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Economics professor says tax cuts won’t create jobs,

By Katharine Webster (originally published by UMass Lowell News) - Economics Prof. William Lazonick has been sounding the alarm about corporate stock buybacks for years. Since the early 1980s, when the Securities and Exchange Commission eased regulations on buybacks, corporations have increasingly used profits to repurchase their own shares, his research shows… [Cross-posted from UMass Lowell News publication of November 22, […]

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Defense firms spend big on lucrative buybacks

By Alex Nunes (originally published by Providence Journal) - Faced with the prospect of hiring thousands of workers to meet the surging demand for nuclear submarines, Navy contractor Electric Boat has turned to Rhode Island and Connecticut over the last two years to help defray by millions of dollars the cost of worker training… [Cross-posted from Providence […]

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Ralph Nader steamed as buybacks pick up steam

By Robert Stead (originally published by Steady Governance) - Earlier this month, former presidential candidate and famed consumer advocate Ralph Nader took aim at the $7 trillion of corporate stock buybacks since 2003, declaring the phenomenon a “monster of economic waste.”.. [Cross-posted from Steady Governance publication of October 25, 2017 at http://steadygov.blogspot.de/2017/10/nader-steamed-as-stock-buybacks-pick-up.html]

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We get sick, they get rich

By Sam Pizzigati (originally published by Fairborn Daily Herald) - Our current health care system in the United States works just fine — for the corporate executives who run it… [Cross-posted from Fairborn Daily Herald publication of October 18, 2017 at http://www.fairborndailyherald.com/opinion/21348/we-get-sick-they-get-rich]

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Farmaci e soldi: le versione di William,

By Michele Bocci (originally published by La Repubblica) - POCHI INVESTIMENTI in ricerca e sviluppo e troppe operazioni finanziarie: emblematico il frequente ricorso al buyback, che consiste nell’acquisto a fini speculativi delle azioni dell’azienda stessa da parte dei suoi top manager… [Cross-posted from La Repubblica publication of October 17, 2017 at http://ricerca.repubblica.it/repubblica/archivio/repubblica/2017/10/17/farmaci-e-soldi-la-versione-di-william29.html]

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The case for stock buybacks

By Alex Edmans (originally published by Harvard Business Review Blog Network) - If paying excessive CEO salaries is the most maligned use of corporate funds, stock buybacks may well take second place. Conventional wisdom is that CEOs buy back stock to manipulate the short-term stock price. They fund the buyback by cutting investment, and so firm value […]

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Destructive stock buybacks—that you pay for

By Ralph Nader (originally published by Nader Page) - The monster of economic waste—over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations—started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald Reagan. That was when SEC Chairman John Shad, a former Wall […]

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