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Saturday, March 17, 2012
Here is a list of the Top 10 Corporations that have LARGE cash holdings just "sitting around". Guess numbers 1 thru 4 before looking...
According to The Financial Times, these are the Top 10 corporations with the largest "cash"holdings (either cash or investments that are very liquid and easily converted to cash). Six of the 10 are high tech-type companies (Surprised by that?). Not sure how ANY of these 6 (or the 2 pharmas) could spend that money on operations and create jobs for the mass of unemployed or underemployed. Any ideas?
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Apple has the most disposable income but it outsources its manufacturing so they could invest in capitol stock like new facilities and machinery in the United States. They would then employ American workers and could advertise this. Seeing as apple is infamous for outsourcing, profits could rise due to their support of American recovery which would make up for the principle investment. At the same time apple would be expanding.
ReplyDelete-Anthony Pierotti