Corporate Cashflow Magazine articles from December 1995

Corporate Cashflow Magazine archives from December 1995

These are the good old days. (trends in treasury management)(Editorial)
December 1, 1995... All things considered, it's a good time to be a treasury manager - if you can stand the stability and prosperity. Almost a decade ago, treasury managers struggled with a desperately hard insurance market. Premiums were soaring, and some...

Court case torches early retirement no-sue agreements.
December 1, 1995... Federal judges have shot down deals that offer early retirees additional benefits in exchange for signed promises not to sue the employer for additional benefits. In a broad verdict that goes beyond the issues the court was required to...

Employers tackle health care EDI, payment issues. (Medical Electronic Data Interchange consortium in Michigan)
December 1, 1995... Health care reform, now on Washington's back burner, continues to sizzle at the state and local level. The campaign to modernize the U.S. health care system is not dead, but it won't happen overnight, nor is it likely to be dictated by the...

False claims of AIMR compliance thwart plan sponsors. (American Investment Management and Research)
December 1, 1995... Investment results reported under AIMR (American Investment Management and Research) standards don't always mean that what you see is what you get. The reality is troubling: Even among firms confident enough to seek and pay for an audit,...

New growth in cash management targets small corporations.
December 1, 1995... The cash management business is going through a shakeout that is concentrating more of the large corporate business in the hands of a few leading banks. However, real growth in cash management now has shifted to the small corporate market....

Payroll, expense direct deposits cut corporate costs.
December 1, 1995... Some companies are reaping sizable cost reductions by switching from check payment for employee wages and travel and entertainment (T&E) expenses to direct deposit through the automated clearing house. Because employees enjoy faster access to...

'Other states' coverage may cut payouts in travel injury claims.
December 1, 1995... As business travel grows, so does the problem of out-of-state injury claims, leading risk managers to discover that current workers compensation policies are geographically out of sync with business operations. A 1994 study by Runzheimer...

Private placements push for strategic part in corporate finance picture.
December 1, 1995... Banks are storming into the traditional private-placement market, cutting fees to achieve market leadership. But volumes are dropping due to the booming bank loan and junk bond markets. Sierra Pacific Industries of Anderson, CA, had never...

Blooming returns: tips for raising investment yields in a corporate cash portfolio.
December 1, 1995... Get paid for what you can learn about maturity timing, liquidity tradeoffs, tax-advantaged instruments, avoiding derivatives risk, bailing out of downgraded securities and using receivables-backed paper. Investment policy is like the flag...

New cash pooling systems cut transaction fees, optimize use of excess cash. (multicurrency cross-border cash pooling)(includes related article)
December 1, 1995... How to offset cross-border debit and credit balances automatically regardless of currency, and improve liquidity. Today, treasurers of U.S.-based multinational corporations are under pressure to wring every possible Deutschemark, yen, pound...

Pensions turn to long-haul venture capital funds to raise returns, control risk.
December 1, 1995... Buyout funds are the industry darling, but buyout/start-up fund hybrids also are chalking up returns that exceed 25%. Behind the numbers are industry-savvy builders, not break-up artists. Institutional investors continue to increase...

Is the IPO boom running on empty? (initial public offering)
December 1, 1995... Companies with a yen to go public should weigh the risks of jumping aboard the IPO Express just as it's leaving the station. Money managers are beginning to sound jaded, if not snappish. Says David Kern, manager of the Denver-based Founders'...

Lines drawn on pension reversions but compromise possible.
December 1, 1995... When the A&P grocery chain was taken over in a 1982 leveraged buyout, the acquirer, Germany's Tengelmann Group, terminated A&P's pension plan and used the $270-million surplus to help finance the takeover. In the '80s, pension fund surpluses...

Can I have a round-the-clock, global treasury management system?
December 1, 1995... When we think about treasury management and banking within the United States, we often get into issues about the ideal location of accounts. Should a controlled disbursement account be on the east or the west coast? What about the impact of...

For whom the cash flows: four choices for excess cash.
December 1, 1995... With the stock market up significantly over the past 12 months, inflation low, interest rates biased downward, and many companies operating at or even a little above efficient rates of capacity utilization, corporate cash flows are growing....

Using mergers as career stepping stone. (interview with Travelers Group senior VP and CFO Heidi Miller)(Interview)
December 1, 1995... In 1992, concerned about the personal impact from the Chemical Bank-Manufacturers Hanover Trust Co. merger, Heidi Miller left Chemical after 12 years to become vice president and assistant to the president at Primerica Financial Services, the...