THE CORPORATE SECTOR

摘要

Nimble and ruthless in cutting costs, the corporate sector has weathered the downturn well. Six quarters into the expansion, the productivity battle between ownership and labor is a rout. The surge in corporate profits has led to a stock-market boom-the Dow has soared 78 percent from its March 2009 low. Corporate America is now sitting on-some would say hoarding-$1.9 trillion in cash.