On Jun 25, 2007, at 4:42 PM, Jim Devine wrote:
Doug Henwood wrote:That's why they do it, but in the U.S. they've been doing a lot of it for like 20 years. They seem to be telling us that despite apparently high profitability, they've got no better use for their cash than passing it along to shareholders.or maybe "shareholder democracy" (or the "discipline of the stock market") won't let them use retained earnings to expand their companies?
Yup, that too.
