The Buyback Boondoggle

We would like to draw your attention to Professor William Lazonick's article in the BusinessWeek magazine on how stock buybacks might damage economic recovery.

Read the full BusinessWeek magazine article

Prof Lazonick is part of the FINNOV research team and is a Visiting Fellow at the Centre for Innovation, Knowledge and Development (IKD). He is also a professor at the University of Massachusetts Lowell, where he directs the Center for Industrial Competitiveness.

His new book, Sustainable Prosperity in the New Economy?: Business Organization and High-Tech Employment in the United States, was published in October 2009. Download the introductory chapter and table of contents