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Tag Archives | SEC Rule 10b-18

The big and possibly dumb buyback boom,

By Justin Fox (originally published by Bloomberg View) - Buybacks are really popular right now! In February, according to research firm TrimTabs, U.S. corporations announced $153.7 billion in share repurchases – a new one-month record. Investment strategists at JPMorgan Chase & Co. estimate that buybacks will total more than $800 billion this year, which would also be a record… [Cross-posted from Bloomberg View publication of March 6, […]

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Tax reform leading to uptick in stock buyback opportunities

Squawk Alley (originally published by CNBC) -  Nicholas Colas, DataTrek Research co-founder, and William Lazonick, U-Mass Lowell economics professor, debate companies investing in stock buyback programs with benefits from tax reform rather than giving back to their employees… [Cross-posted from CNBC publication of February 21, 2018 at https://www.cnbc.com/video/2018/02/21/tax-reform-leading-to-uptick-in-stock-buyback-opportunities.html]

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The buyback boondoggle is beggaring America

By Robert Reich (originally published by Newsweek) - Trump’s promise that corporations will use his giant new tax cut to make new investments and raise workers’ wages is proving to be about as truthful as his promise to release his tax returns… [Cross-posted from Newsweek publication of February 9, 2018 at http://www.newsweek.com/robert-reich-buyback-boondoggle-beggaring-america-802391] Newsweek article reprinted in eurasiareview publication of […]

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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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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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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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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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Q&A: Economist William Lazonick on stock buyback mania that’s threatening the US economy

By Arne Alsin (Originally published by Forbes) - A few years ago, the economist William Lazonick was contacted by an editor at Harvard Business Review and asked if he’d be interested in writing about his latest research on stock buybacks. Lazonick was surprised…. [Cross-posted from Forbes publication of June 20, 2017 at https://www.forbes.com/sites/aalsin/2017/06/20/qa-economist-william-lazonick-on-stock-buyback-mania-thats-threatening-the-american-economy/#2a2a39a75263]

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Why buybacks matter

By Christopher Gannatti (originally published by WisdomTree) - Share buybacks have become a major focus of conversation within the investment industry—most recently due to speculation that if the U.S. government were to institute some sort of “repatriation holiday,” profits currently being held overseas to avoid taxation would be utilized largely for share repurchases to thereby “goose” earnings-per-share (EPS) growth […]

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Trump’s SEC chairman must look out for American families — not big corporations

By Elizabeth Warren and Joe Donnelly (originally published by The Washington Post) - Thursday, President Trump’s nominee for chairman of the Securities and Exchange Commission, Jay Clayton, will testify before the Senate Banking Committee. As members of that committee, we will evaluate his candidacy, not on behalf of Wall Street, but on behalf of the American people…. [Cross-posted from […]

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