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Tag Archives | Value Creation

Stock buybacks and corporate cashouts

By Robert J. Jackson (originally published by Securities and Exchange Commission) - Thank you so much, Neera, for that very kind introduction. I’ve long admired all that you and everyone here at the Center for American Progress do to promote a progressive economic agenda… [Cross-posted from Securities and Exchange Commission publication of June 11, 2018 at https://www.sec.gov/news/speech/speech-jackson-061118]

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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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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… [Cross-posted from Bloomberg View publication of March 6, 2018 at https://www.bloomberg.com/view/articles/2018-03-06/the-big-and-possibly-dumb-boom-in-corporate-share-buybacks]

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It’s time to ban stock buybacks

By Justin Miller (originally published by The American Prospect) – In the aftermath of the Trump tax cuts, Republicans have endlessly crowed about how corporations are using their newfound savings to give their employees wage hikes and bonuses… [Cross-posted from The American Prospect publication of February 8, 2018 at http://prospect.org/article/time-to-ban-stock-buybacks]

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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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Real American economy and ‘legalized looting’ by big US companies

By Michael Hennigan (originally published by finfacts) - On Monday Lawrence Summers, Harvard economist, former Treasury secretary and director of the National Economic Council in the first term of President Obama, in effect called President Trump’s top 3 economic advisers lying fraudsters in his monthly column in The Washington Post and The Financial Times… [Cross-posted from finfacts publication of October 10, […]

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Trump economic director Gary Cohn says it’s fine for corporations to use tax breaks to enrich executives

By Zaid Jilani (originally published by The Intercept) - One part of the White House’s proposed tax reform framework would involve a “tax repatriation” holiday for U.S. corporations that are storing profits overseas. The logic is that offering a lower tax rate to corporations would entice them to bring money onshore that would then lead to the hiring of American […]

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Donald Trump’s trickle-down delusion on tax

By Rana Foroohar (cross-posted from Financial Times) - If there were still any doubt that President Donald Trump is a trickle-down economics guy rather than a populist, consider his new tax plan. It would represent the largest set of cuts since the era of George W Bush… [Cross-posted from Financial Times publication of October 1, 2017 at https://www.ft.com/content/736ca456-a50f-11e7-b797-b61809486fe2] Financial Times article […]

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IBM now has more employees in India than in the U.S

By Vindu Goel (originally published by New York Times) - IBM dominated the early decades of computing with inventions like the mainframe and the floppy disk. Its offices and factories, stretching from upstate New York to Silicon Valley, were hubs of American innovation long before Microsoft or Google came along… [Cross-posted from New York Times publication of […]

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