In tug-of-war over corporate cash, a big investor weighs in

By David Nicklaus (originally published by St. Louis Post-Dispatch) – You might think the world’s largest asset manager would be happy that companies are trying to be investor-friendly. Yet Laurence Fink, chief executive of BlackRock, is not pleased. He recently sent a letter to 500 of his fellow CEOs bemoaning the emphasis that many of them have placed on returning cash to shareholders through dividends and stock buybacks….

[Cross-posted from St. Louis Post-Dispatch publication of April 24, 2015
at http://www.stltoday.com/business/columns/david-nicklaus/in-tug-of-war-over-corporate-cash-a-big-investor/article_65c887f2-54d8-5604-8339-48832055c55b.html]

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