Buffet's Right

Dividend's are bad, at least according this article.  GM spent $20 billion on dividends between 1996 and 2000.  Think they might be doing better if that had gone into R&D?

http://www.theweekdaily.com/article/index/88168/3/Business_columns_When_satisfying_shareholders_can_ruin_a_company.html
Source: Sanford M. Jacoby, Chicago Tribune