[lbo-talk] Fwd: S&S Call for Papers

[Michael Perelman]

He condomened the waste, the cash, but the investment, as I recall, was 
takeovers, not investment proper.

But it is a long time since I read his stuff.

On Sun, Feb 01, 2009 at 06:21:44PM -0500, Doug Henwood wrote:
>
> On Feb 1, 2009, at 5:51 PM, Michael Perelman wrote:
>
>> I thought Jensen was upset that firms were NOT investing, holding onto too 
>> much cash.
>
> They were wasting it, either on perks or on investment. It should be 
> returned to shareholders.
>
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com