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Tag Archives | Executive Pay

Molinaroli left his mark on Johnson Controls in his brief, tumultuous tenure as CEO

By Guy Boulton (originally published by Journal Sentinel) – In less than three years, Alex Molinaroli transformed Johnson Controls Inc., setting off a burst of deal-making that culminated in the 132-year-old company being bought by Tyco International and its official headquarters being moved to Cork, Ireland…. [Cross-posted from Journal Sentinel publication of September 2, 2017 at http://www.jsonline.com/story/money/business/2017/09/02/molinaroli-left-his-mark-johnson-controls-his-brief-but-tumultuous-tenure-chief-exec-now-question-ho/624124001/]

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The economy and the Conservative manifesto: Economic ideology in a time warp

By Abby Innes (Originally published by LSE Blogs) - Abby Innes offers the second in a short series of articles on the political economy of the manifesto. Here she considers how the party’s economic strategy is made up of incompatible ideas and paradoxes…. [Cross-posted from LSE Blogs publication of May 26, 2017 at http://blogs.lse.ac.uk/politicsandpolicy/the-economy-and-the-conservative-manifesto/]

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4 ‘buyback’ stocks worth buying

By Ryan Derousseau (originally published by Fortune) - In their pitch for tax reform, President Trump and congressional Republicans have made promises that evoke Oprah Winfrey’s talk-show days. (“You get a tax cut! You get a tax cut!! YOU get a tax cut!!!”) But for investors, the biggest windfall may come from a deal that would require corporations to, at […]

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The pathogens of Wells Fargo’s corruption fester in every large corporation

By Cory Doctorow (originally published by boingboing) - Despite the denials of its new CEO, Wells Fargo had a serious, widespread cultural problem that led it to commit at least 2,000,000 financial crimes. But the crimes and the culture are widespread across America’s banks, and they spread further than that, because the system is rigged to reward financial crime… [Cross-posted from […]

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Outrageous fortunes: Pharma executives cash-in on high drug prices

By The Institution for Health and Socio-Economic Policy (originally published by The Institution for Health and Socio-Economic Policy) - The previous IHSP briefs explained why prices for prescription drugs have risen,1 and how these increases result in tremendous sales and profits.2 Pharmaceutical executives are paid to make sure that this is the case. The pay incentives […]

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Five steps to address corporate America’s short-termism crisis

By Brendan Duke, Andrew Schwartz, and Andy Green (originally published by Center for American Progress) - Companies are increasingly passing up profitable investments because of financial market pressures and executive compensation incentives. These activities yield short-term returns but put their—and the nation’s—long-term economic health at risk…. [Cross-posted from Center for American Progress publication of September, 29 […]

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VP Biden cites Lazonick in critique of stock buybacks

By Institute Staff (originally published by Institute for New Economic Thinking Blog) – In an important Wall Street Journal op ed criticizing corporate America’s failure to invest profits in long-term growth, Vice President Joe Biden cited the work of Institute for New Economic Thinking scholar William Lazonick. “Performance-based pay encourages executives to think in the short-term,” wrote […]

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Why corporate CEO pay is routinely undercounted

By Institute Staff (originally published by Institute for New Economic Thinking) - Institute for New Economic Thinking Working Paper by William Lazonick and Matt Hopkins (PDF) has revealed that executive pay is routinely undercounted by media outlets, and even by critics of excessive executive pay such as the AFL-CIO. That’s because their calculation of those earnings is based […]

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Stock buybacks: Four reasons

By James McRitchie (originally published by Corporate Governance) - As large American public corporations repurchase company shares at historic rates, corporate directors cite four key reasons for buybacks: to return capital to shareholders; invest in the company’s shares; offset dilution from using equity as currency; and/or alter the company’s capital structure. The directors generally disagree with widespread […]

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A simple test to dispel the illusion behind stock buybacks

By Gretchen Morgenson (originally published by The New York Times) – Stock investors have had one sweet summer so far watching the markets edge higher. With the Standard & Poor’s 500-stock index at record highs and nearing 2,200, what’s not to like? Here’s something. As shares climb, so too do the prices companies are paying […]

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