Stock Buybacks: How Grocers Eat Themselves
In the past several years, Loblaws, Metro and Empire have spent billions on their own stock - And at a time of food price inflation and grocery workers on strike.
Why are they doing it? And why do some economists say stock buybacks should be abolished?
Featured in this episode:
William Lazonick, professor emeritus of economics at University of Massachusetts
Jim Stanford, director of the Centre for Future Work
Further reading:
Profits Without Prosperity, William Lazonick, Harvard Business Review
“The American disease': Canadian companies pouring cash into stock buybacks as backlash grows…
The skinny
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