Income inequality has company—make that companies. A new wealthgap is opening among U.S. corporations, where cash holdings aregrowing more concentrated as the rich get richer.
Eighteen American businesses held 36 percent of corporate wealthin 2013, up from 27 percent in 2009, according to a report fromStandard & Poor's. The bottom 80 percent have lost ground, withjust 11 percent.
The top 1 percent is a Who's Who of multinationals, includingMicrosoft Corp., Google Inc., Coca-Cola Co., Apple Inc., and FordMotor Co., that reap a big share of profits from non-U.S. sales.Because tax law discourages moving that money back to the U.S.,cash is piling up abroad and companies are taking novel steps toadapt, including borrowing against those assets to financeoperations at home.
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