William Lazonick, professor at University of Massachusetts Lowell, explains how rationalization, marketization, and globalization characterize the U.S. economy during the past 50 years, and how the behavior of companies and fate of American workers have changed during this process. | Institute for New Economic Thinking
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Professor Bill Lazonick explains how Hedge Funds are able to enact corporate takeovers with just 1% of the shares. Recently, Elon Musk received a stock-option package worth $48.4 billion dollars. Lazonick explains in his INET article that the option package was less about the money and more about ensuring Musk remained in control of Tesla. Check out the full article to learn more about how this impacts Tesla, the future of the electric movement, and corporate governance in general. https://bit.l
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Companies like Apple and Google make billions for rich investors by buying back their own stock—at the expense of workers, the public, and the planet. Economist Bill Lazonick says it’s time to ban the stock buyback scam. | Institute for New Economic Thinking
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