Cash Cow Disease: The Cognitive Decline of Microsoft and Google

Cash Cow Disease: The Cognitive Decline of Microsoft and Google:

"Cash cow disease arises when a public company has a small number of products that generate the lion's share of profits, but lacks the discipline to return those profits to the shareholders. The disease can progress for years or even decades, simply because the cash cow products produce enough massive revenues to distract shareholders from the smaller (but still massive) amounts of waste...."

Nice! Jensen's Free cash flow Problem, dividends, and we could even tied Behavioral finance (managers have overconfidence in finding positive NPV projects. Great stuff....oh, and here was a very similar story from April 2009.