Read the commentary “So Much Cash, So Few Dividends” from the January 20, 2003, issue of Business Week. (The book’s Website provides a free link.)

Required 1. Why are start-up tech companies reluctant to pay dividends to shareholders?

2. Flave large tech companies historically paid dividends?

3. Do most institutional investors want tech companies to pay dividends if the tax on dividends is eliminated?

4. How have tech companies used stockpiles of cash in the past?

5. How would tech company CEOs fare if these companies start to pay dividends?