Wealth is increasingly concentrated among older people, particularly in countries where housing booms have left those in their fifties, sixties and seventies sitting on huge cash piles, to which can be added generous final salary pensions. (newstatesman.com)
Prime Minister Shinzo Abe has been pushing companies to raise wages by 3 percent or more to spur consumer spending, piling pressure on firms to spend their huge cash pile to broaden the benefits of the strengthening economy. (cnbc.com)
Oracle's co-chief executive Mark Hurd has pledged support to any tax change that allows the company to funnel its huge cash pile back into the United States. (cnbc.com)