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Microsoft saves money for rainy days. I think I remember reading something saying that Bill Gates's objective was to always have a cash reserve big enough to operate for two years without selling a single product.

Actualy for years MS was not paying much for yearly dividends, instead it was investing/holding the money. The reason being that share holders have to pay income tax on dividens they receive.



Yet, today, America's leaders are reenacting every folly that brought these great powers [Russia, Germany, and Japan] to ruin -- from arrogance and hubris, to assertions of global hegemony, to imperial overstretch, to trumpeting new 'crusades,' to handing out war guarantees to regions and countries where Americans have never fought before. We are piling up the kind of commitments that produced the greatest disasters of the twentieth century.
 — Pat Buchanan – A Republic, Not an Empire