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Tag Archives | Profits Without Prosperity

The Apple tax giveaway

By James S. Henry (originally published by The American Interest) – It almost never snows in Silicon Valley, but last week the flurries were really flying and the snow-job drifts were piling up high at Apple Inc.’s corporate headquarters in Cupertino… [Cross-posted by The American Interest publication of January 26, 2018 at https://www.the-american-interest.com/2018/01/26/apple-tax-giveaway/]

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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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ESOPs fables: Infosys stock buyback bonanza

By C. R. Sridhar (originally published by Newsclick) - In an information saturated age such as ours corporate spin is sine qua non of business reporting where the narrative is controlled by the few to the detriment of the many. None is more evident than in the dominant narrative leading to the resignation of Vishal Sikka- the […]

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Workers won’t profit from corporate tax windfall

By Joe Nocera (originally published by BloombergView) - Even before the Republican tax bill was signed, companies were lining up to take advantage of one of its key provisions: the new, lower rate designed to lure profits earned abroad back to the U.S… [Cross-posted from Bloomberg View publication of December 21, 2017 at https://www.bloomberg.com/view/articles/2017-12-21/workers-won-t-profit-from-corporate-tax-windfall]

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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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Decoding corporate share buybacks: Is it at the cost of investment?

By Lester Gunnion (originally published by Deloitte Insights) - Corporate profits and cash reserves are at an all-time high. However, many companies have been spending an increasing share of profits and cash on buying back their own shares while the share of profit spent on investment in equipment and structures is often falling… [Cross-posted from Deloitte Insights […]

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Die Gierist das Problem

By Katharina Kort (originally published by Handelsblatt) - Bill Lazonick gehört zu den Rebellen unter den Ökonomen. Seine feste Professur an der Elite-Universität Columbia hat er einfach aufgegeben, um eine Stelle an der staatlichen University of Massachusetts Lowell im Norden von Boston anzunehmen, weil ihn das mehr interessierte… [Cross-posted from Handelsblatt publication of November 11, 2017 at http://www.handelsblatt.com/my/unternehmen/management/us-oekonom-bill-lazonick-die-gier-ist-das-problem/20561824.html?ticket=ST-11073102-OIXMKZSkBDQkvcgpmE2a-ap2]

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SEC nominees must not grant companies ‘safe harbor’ with buyback rule

By Lenore Palladino (originally published by The Hill) - Last week, two nominees went before the Banking Committee to get their chance to become the next commissioners of the Securities and Exchange Commission… [Cross-posted from The Hill publication of November 9, 2017 at http://thehill.com/opinion/finance/359700-sec-nominees-must-not-grant-companies-safe-harbor-with-buyback-rule]

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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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Tax cuts—middle class boost or ‘fake math’?

By Hedrick Smith (originally published by Reclaim the Dream) - With Republicans surfacing more details of their tax-cut package and debate sharpening over its likely impact, Trump’s top economist forecasts a boost of $4,000 in annual income for the typical American family but most economists don’t buy that estimate and Senate Democratic Leader Chuck Schumer derides it […]

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