Wednesday, June 16, 2010

Gulf Oil Spill: BP Suspends Dividend, Agrees to Set Aside $20 Billion - CNBC

Corporations hate to forego dividends since it typically drives away shareholders and lowers market price, but this is probably the appropriate action in lieu of the Gulf disaster.
Gulf Oil Spill: BP Suspends Dividend, Agrees to Set Aside $20 Billion - CNBC

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