Banning Buybacks [Bill Lazonick]

Bill Lazonick discusses the implications of stock buybacks, highlighting their impact on stock prices and who benefits from them. He argues that buybacks primarily benefit insiders and Wall Street, rather than all shareholders. Lazonick emphasizes the importance of reinvestment in company growth and the negative effects of buybacks on retail investors. He advocates for banning buybacks to strengthen the economy and promote long-term financial security for individuals.

What is the speaker's perspective on the impact of stock buybacks on retail investors?

What alternative does the speaker suggest instead of stock buybacks?