Daniel Clifton: July 2004 Archives
A Message From the Market
On July 16, the New York Times reported pharmaceutical company Schering-Plough will plead guilty to criminal charges for cheating the federal Medicaid program. Additionally, the paper reported the company will agree to pay $350 million in fines. At first...
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Incentives Matter: A Lesson
On Tuesday, Microsoft Corp. announced the company will double its annual dividend payment to shareholders by $3.5 billion per year, pay a one-time special dividend of $32 billion and repurchase $30 billion of company stock over the next four...
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