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The City, unsurprisingly, is focused on the lack of money left in the corporate kitty to pay shareholder dividends and for profit-enhancing investment.
The company, with its $233bn in cash, has been been using that money to buy back its own stock and pay shareholder dividends to encourage investors.
Many companies would prefer to hold fewer of the stable, low-yielding assets required by law and use the extra money to pay shareholder dividends.
The transactions, often valued in the hundreds of millions or even billions of dollars, can improve the appearance of the insurers' balance sheets and free up money for other projects, or to pay shareholder dividends.
More than $300 billion flowed back into the United States, but despite safeguards, companies used most of the money to pay shareholder dividends or buy back stock, not to reinvest.
It can pay legal fees in New York, it can pay shareholder settlements, it can pay the interest on its roughly $129 billion debt.
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In that case, the company agreed to pay shareholders $57m.
Equity is much less effective, because it carries no formal obligation to pay shareholders back.
(Under the terms of the deal, Zell will pay shareholders thirty-four dollarsharehare).
They ordered the government to pay shareholders $50 billion, 20 times the previous record for arbitration.
The former group would acknowledge its slow-growing sales and instead pay shareholders a healthy dividend.
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