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The deal was to be to be financed mostly through stock financing, where P.&G.
The company has already been transferring cash to shareholders through stock buybacks.
That sent jitters through stock markets too, with share indices down around Europe.
I found savings when looking through stock tucked away in cupboards and classrooms.
Mr. Taubman retains voting control of the company and its board through stock ownership.
So do cross-border borrowing and lending through stock and bond markets.
But they can continue to own a piece of the company through stock.
Through stock options he is also a shareholder in Intesa Sanpaolo, which could benefit from government moves.
Apple can also help increase its earnings per share by lowering its outstanding share count through stock purchases.
In America, wealth accumulated through stock options is taxed as a capital gain when the options are cashed in.
But Mr. Trichet's comments sent a chill through stock markets on both sides of the Atlantic on Wednesday.
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