Give It to the Shareholders!

By Jerry Strawser

What do ExxonMobil, Microsoft, IBM, Cisco Systems, Procter & Gamble, Hewlett-Packard, Walmart, Intel, Pfizer and General Electric have in common? A recent Harvard Business Review article by William Lazonick (“Profits without Prosperity”) identified these companies as being the greatest stock repurchasers for the 10-year period 2003 to 2012, with ExxonMobil leading the way at $207 billion.”…

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