"We generate all this cash and don't have any use for it." —Jimmy Lee, vice chairman J.P. Morgan's investment bankI'm sure there are plenty of things in the world that could benefit from someone else's excess cash, things that would make the world a better place / feed the hungry / improve the environment / etc. But companies operating without higher principles end up in situations like these. Dave Goldberg should read Let my People Go Surfing.
5 days ago