# Professor Thomas Philippon's work on corporate investments is referenced

1 Faculty News January 19, 2018 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from the [Financial Times](https://www.ft.com/content/aba8d444-fb94-11e7-a492-2c9be7f3120a) -- "Two economists, Germán Gutiérrez and [Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon), have argued that corporate America is underinvesting. One reason is that companies are impatiently funnelling cash to investors and executives rather than take a long-term view."

[Read more](https://www.ft.com/content/aba8d444-fb94-11e7-a492-2c9be7f3120a)