Predatory Value Extraction Turns the World - Dr. Bill Lazonick, UMass Economics/AIRnet, #314

Professor William Lazonick, emeritus Professor of Economics and founding director of the Academic Industry Research Network, is one of the world’s foremost experts on Shareholder Value Ideology and its impact on society. In our first conversation, we uncovered the fundamentals of shareholder value ideology and the harmful effects of stock buybacks on the working class and economic inequality. This discussion goes deeper into how financial institutions capitalized on the deregulation of the financial industry in the 1980s, leading to a wave of corporate greed and wealth concentration. Topics include the rise of hedge funds, the devastation caused by corporate raiders, how private equity contributes to the decline in quality of goods and services (termed "encrapification"), and policy strategies to rebuild an economy that prioritizes American workers over Wall Street profits.

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00:00 Go!
00:09:45 Carl Icahn's Influence and Tactics
00:15:02 Regulatory Changes and Hedge Fund Empowerment
00:21:18 Institutional Shareholder Services and Proxy Voting
00:27:24 Proxy Advisory Services Market
00:31:19 Hedge Funds and Power Dynamics in Corporations
00:34:03 General Electric Case Study
00:45:28 Hedge Fund Activism and Industry Impact
01:03:20 Impact of Private Equity and Financial Practices
01:09:07 Asset Distribution Disparities
01:15:29 Shareholder Value and Economy Dynamics
01:22:26 Employee Investment and Stock Market
01:30:48 Tesla and Corporate Governance
01:36:56 Apple's Board and Stock Buybacks
01:42:08 Biopharmaceutical Sector Dynamics
02:00:59 US Competitiveness and Stock Buybacks
02:06:09 Soft Landing Approach to Financial Reforms
02:17:26 Economic Literacy and Public Perception
02:22:11 Globalization and Economic Mobility

#Economics, #ShareholderValue, #FinancialCrisis, #StockBuybacks, #HedgeFunds, #Finance, #CorporateGovernance, #WallStreet, #FinancialMarkets, #EconomicGrowth, #PrivateEquity, #Innovation, #BusinessStrategy, #philosophypodcast, #sciencepodcast, #longformpodcast

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Видео Predatory Value Extraction Turns the World - Dr. Bill Lazonick, UMass Economics/AIRnet, #314 канала The DemystifySci Podcast