On why Microsoft, a company sitting on $40 bil in cash, borrows $2 bil in unsecured debt.
David Zion, a tax and accounting analyst at Credit Suisse, estimates that the companies in the Standard & Poor's 500-stock index have "north of $1 trillion" in undistributed foreign earnings, or profits that have been parked overseas to avoid U.S. tax. Not all of that is cash; some is in the form of inventories or other assets.
You'd think that trillion bucks could be used making and building things by hiring people. Jeez.
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