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2,000 American companies — excluding the financial sector — and found their cumulative cash reserves have reached a staggering $1.84 trillion. The kicker is that the top 25 companies — roughly the top 1 percent of U.S. corporations — control 51 percent of that cash. And in a development that mirrors the "fractal inequality" amongst individual Americans, just the top five companies — Apple, Microsoft, Alphabet (Google's parent corporation), Cisco, and Oracle — controlled a third.
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Market Watch
Moody's came out with a parallel report. Slightly different numbers but same effect.
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The descent of man ~ Nixon, Friedman, Reagan, Trump.
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