Sunday, August 7, 2011

Companies sit on $2T as economy tanks - NYPOST.com

Companies sit on $2T as economy tanks - NYPOST.com: "Corporate America is sitting on a colossal $2 trillion in cash -- $1.4 trillion in the S&P's top 20 alone -- but that does little for the public.

Depending on whom you talk to, it's either a huge rainy-day fund if the economy heads for a double dip, or it's top executives feathering their nest in order to grab huge year-end bonuses.

'It's enormous by historical standards,' Howard Silverblatt, senior index analyst at S&P told The Post, describing the staggering scale of the unspent corporate bundle. 'The $963 billion is more than the recent government incentive and stimulus spending.'"

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