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Blame Fear, Not Greed, as Firms Hoard Cash

July 2, 2012 1 minute Read by Four Percent

John Bussey, The Wall Street Journal Here's one way to explain the record stacks of cash that companies have amassed: Just as courage imperils life, fear protects it. Actually, that line is said to be Leonardo da Vinci's. But if you spend any time with chief financial officers, you'll hear the same admonition in one form or another. The billions in cash they've socked away is a good measure of what global business thinks about our times. It isn't pretty. And, despite what some suggest, it doesn't appear to be guided by greed or complacency. Instead, fear rules the day. Arguably too much so. Read More (Subscription Required)