Microsoft's $40 Billion On Hand
eMilkshake writes "CNN/Money magazine report here that Microsoft has more liquid reserves than 'Ford, ExxonMobil and Wal-Mart have combined' and 'enough to buy the entire airline industry -- twice. Or all the gold in Fort Knox, four times over. It is enough to buy 23 space shuttles or every major professional baseball, basketball, football and hockey team in America.' This is thanks to (according to WinInfo Update) the fact that 'Microsoft handles its investments with an inhouse software application called--seriously--the Catastrophe Hedging Program 2.5.' I wonder what I would do with $40 billion?"
They need to get together and come up with some good fuzzy math that shows how Microsoft will burn through that $40 billion in a week and make the DOJ irrelevant. Then we can all go home.
Bleh!
Screwing over who by doing what? Hey, it is a business not a friggin charity. If YOU want to send every penny that YOU make to the IRS and thus avoid the pot/kettle comparison, feel free to do so.
Also, whoever on this thread proposed that corporations are required to distribute earnings is confusing the tax category of not-for-profit with for-profit organizations. Perhaps from some socialist dilusion that every penny made by productive elements of the economy needs to go through the feds for redistribution to Liberal Arts and Sciences departments, as well as other government welfare programs.
Eve Fairbanks says I drive a hybrid!LOL