Apple was sued last week by the investor David Einhorn over the way in which the company has the power to issue preferred stock as well as a $137 billion pile of cash Apple is sitting on and whether or not it could be better used to reward shareholders. There is nothing special about Apple, to be sure, as many nonfinancial corporations (especially transnationals) hold vast amounts of cash and other liquid assets that are used for neither investment nor towards shareholders.
Max Keiser
Financial War Reports
There is another more insidious reason for Corporations hoarding all that cash… an investment in concert with the banks into something that guarantees huge returns during its bubble and beyond… its effervesce takes the seething masses from a slow angry simmer to a blistering boil within minutes… and crystallises governments into diamonds of industry.
Its name is WAR and it is the last resort of indolent enterprise.