Book Review: Predatory Value Extraction: How the Looting of the Business Corporation Became the U.S. Norm and How Sustainable Prosperity Can Be Restored , by William Lazonick and Jang-Sup Shin.

CORPORATIONS; PILLAGE; STOCK repurchasing; ECONOMIC research; COMPULSORY voting; VALUE creation

Lazonick and Shin note the specific turning point of the SEC's adoption of Rule 10b-18 in 1982, which effectively legalized stock buybacks for stock price manipulation. Book Review: Predatory Value Extraction: How the Looting of the Business Corporation Became the U.S. Norm and How Sustainable Prosperity Can Be Restored, by William Lazonick and Jang-Sup Shin Predatory Value Extraction: How the Looting of the Business Corporation Became the U.S. Norm and How Sustainable Prosperity Can Be Restored. [Extracted from the article]

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