Tuesday, May 30, 2006
Wondering where all the money is?
This should help clear things up:
The industrial companies that make up the Standard & Poor's 500 index -- which excludes financial, transportation and utility companies -- have $643 billion in cash and equivalents.Is this a good thing? Don't be silly:
One of the biggest ways that companies have spent this excess money has been through mergers and acquisitions.And we all know what mergers and acquisitions lead to--layoffs.
