On a broader note, the Wall Street Journal reports that non-financial U.S. companies are sitting on $1.9 trillion in cash, not investing it in productive projects at a time when our economy could use a boost. Imagine if Apple, Google, Microsoft and many other companies paid, for the first time, or raised their dividends and together poured $200 billion into the hands of shareholders. That would increase consumer demand when it is needed. Instead management seems content to sit on the inert cash in excess of what is prudently needed.
Top management, having turned the wide-open 'business judgment' rule into an anti-shareholder forcefield, has to realize that this trove of money is not their money, it is our - the owner - shareholders' money!
Ralph Nader's Update #1 to Upset Cisco Shareholders - The Nader Page
Top management, having turned the wide-open 'business judgment' rule into an anti-shareholder forcefield, has to realize that this trove of money is not their money, it is our - the owner - shareholders' money!
Ralph Nader's Update #1 to Upset Cisco Shareholders - The Nader Page