Publicly Owned Companies Hold On To Cash, Put Drag On Hiring

DENVER (CBS4) – Publicly-owned companies in Colorado are deciding to hold on to their cash, and that’s putting a drag on hiring.

CBS4’s partners at the Denver Business Journal reported Colorado companies socked away nearly $29 billion last year — a 63 percent jump from 2008. It’s money that, among other things, could be used for hiring new workers.

denver business journal Publicly Owned Companies Hold On To Cash, Put Drag On HiringRead more on the website of CBS4 partner the Denver Business Journal.

Mark Harden from the Denver Business Journal also stopped by CBS4 studios to talk about the report. Watch his interview in the video below.

  • Mik

    Cowards , they’re part of the problem…also… if you have the money to buy goods , buy them… there’s one way out of recession— take a clue from your government — spend spend spend.

  • denvervet

    Probably means these companies dont trust the economy, sad. I need a job!

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