Where is the money?
Washington, Aug 8 – Here is the Standard and Poor’s list of top 20 US companies sitting on $1.4 trillion in cash, even as the debt-ridden world’s largest economy had to face an embarassing ratings downgrade last week:
1. Citigroup $526 billion
2. JPMorgan Chase $414 billion
3. Wells Fargo $112 billion
4. General Electric $82 billion
5. Microsoft $53 billion
6. Google $39 billion
7. Oracle $29 billion
8. Apple $28 billion
9. Johnson & Johnson $27 billion
10. Pfizer $24 billion
11. Chevron $18 billion
12. Coca-Cola $14 billion
13. Intel $12 billion
14. IBM $12 billion
15. Exxon Mobil $10 billion
16. Walmart $9 billion
17. Schlumberger $5 billion18. AT&T $4 billion
19. Procter & Gamble $3 billion
20. Philip Morris $2 billion
Tags: budget, capital, capitalism, coporatopns, corporatism, Misc., Republicans
Posted 19 Aug 2011 by theaveeditor
in Misc.