7/30/2013

Wall Street's financiers aren't using their capital to effectively drive innovation, and that's sucking the creativity out of the U.S. economy, argues Lynn Parramore. The expectations of analysts aren't helping, Parramore argues, citing Lawrence Mitchell, who wrote about a survey in which 4 of 5 CEOs "at least moderately mutilated their businesses in order to meet [financial] analysts’ quarterly profit estimates."

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