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Lazonick: Shareholders are looting the business corporation

By Real Vision

“Predatory value extraction is causing sagging productivity and growth problems at many US companies that are trying to compete globally, Dr. William Lazonick, co-founder and president of The Academic-Industry Research Network, told Real Vision’s The Interview.

He said sustainable prosperity – stable employment coupled with equitable distribution of income – is not what’s happening at business corporations today.”…

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