The Myth That Shareholders Are Always Investors: Challenging the Paradigm of Shareholder Primacy
November 21, 2024
Lenore Palladino is associate professor in the Department of Economics and the School of Public Policy at UMass Amherst. She is a research associate at the UMass Amherst Political Economy Research Institute and a senior fellow at the Roosevelt Institute. She holds a PhD from the New School University in economics and a JD from Fordham Law School. Her portfolio of work is available at lenorepalladino.com.
Palladino’s research focuses on the political economy of corporations and finance. She is the author of a forthcoming book on the political economy of corporations, Good Company, from the University of Chicago Press. She has published in the Review of Social Economy, the Review of Black Political Economy, the Review of Radical Political Economy, Politics & Society, the International Review of Applied Economics, the Journal of Law and Political Economy, the Yale Journal of Regulation, and Fordham Journal of Corporate and Financial Law, as well as the Financial Times and other media publications. She frequently works with policymakers, media, and advocates on corporate and financial policy. She has testified on the impacts of shareholder primacy and stock buybacks before the US Congress Joint Economic Committee (2022) and the House Financial Services Committee (2019). She has also written on financial transaction taxes, employee ownership, the macroeconomic effect of investing in the care economy, and the rise of fintech.
Prior to joining UMass, Palladino was senior economist and policy counsel at the Roosevelt Institute and a lecturer in economics at Smith College. She was previously vice president for advocacy at Demos and a lecturer in economics at New York University. Earlier in her career, she was campaign director at MoveOn, a lead organizer with the labor union CSEA-AFSCME, and national director of United Students Against Sweatshops.