Stock buybacks spur wealth inequality and stifle innovation. Should they be banned?

Stock buybacks have become a major source of wealth inequality and have stifled innovation in the U.S., and there should be a ban on them when done as open-market repurchases. That’s the view of William Lazonick of the University of Massachusetts Lowell, who is also president of the…#williamlazonick #lazonick #uscorporation #predatory #appleaapl #oracleorcl #microsoftmsft #ciscocsco #walmartwmt #intel

Source: Reuters: Health - August 24, 2023 Category: Consumer Health News Source Type: news