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Corporate America has record cash stockpiles in bank

Quicklink Submitted By Amanda Lang No comments

Amanda Lang

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Imagine the dilemma of having so much cash in your bank account that you didn't know what to do with it. This is of course a pipe dream for the average American, but is now reality for the country's biggest corporations. The industrial companies that make up the Standard & Poor's 500 index have a staggering $643 billion in cash and equivalents.

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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Related Topic(s): Banking; Consumer Affairs; Corporate Accountability; Corporations; Management; Money; USA United States Of America, Add Tags

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