Bill Lazonick is an economist who researches and writes on the social foundations of innovative enterprise and is a critic of the financialized corporation.
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A free download of the pdf of my book, Investing in Innovation: Confronting Predatory Value Extraction in the US Corporation is available until September 9:
cambridge.org/core/elements/…
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Just out on INET (buybacks for nothing, board seats for free):
The U.S. battery maker that could, and the U.S. auto company that wouldn’t | Institute for New Economic Thinking
share.google/CKLd2XEzomic2Zx…
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Matt Hopkins and I have just published our article on Elon Musk's "pay" package: Elon Musk’s latest power grab: Will Tesla’s CEO become the world’s first trillion-dollar employee?
ineteconomics.org/perspectiv…
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WLazonick retweeted
so stoked for our next releases
@AndrewBCollins about how the Tas Tepeler civilization gave birth to the serpent myth that carries through to modern day
@Lazonick with a breakneck tour of the fallout from forty years unregulated corporate raiding. Live for patrons now 🫳👇
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WLazonick retweeted
Why is nobody talking about the fact that #USSteel authorized hundreds of millions in stock buybacks even as their executives said they needed investment from #nipponsteel to upgrade their obsolescent plant and equipment? businesswire.com/news/home/2… @Lazonick
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INET just posted the Tulum-Lazonick paper, "Setting Pharmaceutical Drug Prices":
ineteconomics.org/uploads/pa…
It is summarized in our article, “What is ‘Fair' Drug Price?”: ineteconomics.org/perspectiv…
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New working paper, Hopkins and Lazonick, "Tesla as a Global Competitor": ineteconomics.org/research/r…; and our article on how Elon Musk secures strategic control at Tesla: ineteconomics.org/perspectiv…
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Musk and Tesla: Compensation or Control? | Institute for New Economic Thinking ineteconomics.org/perspectiv… #inet
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WLazonick retweeted
3 days to The Penrose Lectures by @Lazonick at @SOAS - register free via soas.ac.uk/about/event/penro…
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WLazonick retweeted
You know that sneaking feeling that something is way out of whack in our economy? Pop in to this replay of my fascinating conversation with @Lazonick to unpack some of the reasons linkedin.com/events/71425380…
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WLazonick retweeted
See the latest from Matt Hopkins, William Lazonick
How GM’s $10-Billion Buyback May Ice Its EV Transition | Institute for New Economic Thinking ineteconomics.org/perspectiv… #inet
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How GM’s $10-Billion Buyback May Ice Its EV Transition
ineteconomics.org/perspectiv…
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Journalist Asks GM CEO Mary Barra About $29 Million Paycheck After UAW Strike | Carscoops carscoops.com/2023/09/gm-ceo…
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What the UAW and Everyone Else Needs to Know About CEO Pay | Institute for New Economic Thinking ineteconomics.org/perspectiv… #inet
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Pleased to see @rgmcgrath: Creating value or extracting it? An existential question. thoughtsparks.substack.com/p….
Download the pdf of my book, Investing in Innovation: cambridge.org/core/elements/…
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WLazonick retweeted
"The main instrument of predatory value extraction is the open-market repurchase of the corporation’s own outstanding shares—aka stock buybacks—the overwhelming purpose of which is to manipulate the corporation’s stock price," argues @Lazonick:
ineteconomics.org/perspectiv…
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Bill Lazonick on The Rise and Fall of the Black Blue-Collar Middle Class [interviewed by INET's Rob Johnson] piped.video/zhbQNBZDXD8?si=hhSB… via @YouTube
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Banning Buybacks [Bill Lazonick] piped.video/r-5UVxoThfQ?si=iqdQ… via @YouTube
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WLazonick retweeted
🚨 BREAKING: The European Parliament has voted to adopt the directive on adequate minimum wages and stronger collective bargaining
This victory for the trade union movement couldn't come at a more important moment - Europe needs a pay rise!
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"How to end the stock buyback deluge" Harold Meyerson's last regular Washington Post column: washingtonpost.com/opinions/…: Repeal Rule 10b-18.
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