Upcoming Events

The Innovative Enterprise: Value Creation vs. Value Extraction

May 1st, 1:00-2:30PM

Professor Lazonick will present the theory of the “innovative enterprise,” that reinvests earnings in technological innovation and employee skills and pay. He contrasts this model with the “value extraction” model that describes much of America’s corporate sector today and is characterized by a focus on shareholder value, stock buybacks and excessive CEO compensation.