Corporate Cashflow Magazine articles from June 1993

Corporate Cashflow Magazine archives from June 1993

GM treasury proves breeding ground for corporate stars. (General Motors Corp.) (Trends: Professional)
June 1, 1993... When John E. (Jack) Smith Jr. accepted a job at the General Motors New York treasurer's office in 1966, he stepped onto a fast track that would take him to the top. He was named chief executive officer and president of GM last Nov. 2. Mr....

Linking lockbox to accounts receivable saves one firm 35%. (Trends: Cash Management)
June 1, 1993... With low interest rates eating away at the benefits of speedy lockbox collections, banks and corporations are looking for ways to add value and justify keeping their lockboxes. Northern Trust Co., Chicago, and Massachusetts Mutual Life,...

Thinner A1/P1 ranks drive CP investors to seek alternatives. (commercial paper) (Trends: Financing)
June 1, 1993... How the mighty have fallen. The sagging fortunes of General Motors have brought GMAC commercial paper, once the universal benchmark for top-rated CP, down to the A2/P2 ranks where it no longer qualifies for many corporate cash or money market...

Corporations mount offensive in war on excess claims. (Trends: Investments & Benefits)
June 1, 1993... Corporations must take up arms against price gouging and fraud, which can add as much as 10% to the corporate health care bill, benefits consultants warn. Unless they monitor hospital and doctor bills and install software that detects deceptive...

Captive owners oppose new tax on off-shore reinsurers. (Trends: Risk Management)
June 1, 1993... In an effort to square competition among U.S. reinsurers and their off-shore counterparts, the Reinsurance Association of America, Washington, DC, is calling for increased federal excise taxes on non-resident reinsurers. Should legislation...

24-carat banking: set high service standards. (Cover Story)
June 1, 1993... Across the country, scores of companies are adopting corporate-wide quality programs as a matter of survival. To improve quality, more treasury managers are implementing quality measurement programs with their banks, setting up teams, defining...

Fiduciary harmony: get your 401(k) line-up right: how to choose and monitor plan investment funds.
June 1, 1993... To comply or not to comply? Ever since the Department of Labor (DOL) issued the final Section 404(c) guidelines addressing defined contribution plan investments, that question has confronted corporate sponsors. The 404(c) regulations are...

Insuring through rent-a-captives can cage coverage costs. (includes related article)
June 1, 1993... To find quality services and cost-efficient coverage, risk managers continue to explore risk financing alternatives outside the traditional insurance market. As part of that trend, captives have taken over a permanent market share, despite soft...

Clinging to safety over shark-infested currency waters.
June 1, 1993... FX volatility can be deadly. The tactical tools for hedging are available, but most companies need to refine their strategies. Most corporations that have been active in the global marketplace since 1980 have taken periodic financial hits from...

Agency securities: safe tools for yield-curve climbing. (Basis Points) (Column)
June 1, 1993... Blondes are dumb, New Yorkers are rude and government agency debt is all alike. "Bob, agency securities are dull, dull, dull," I fumed. "Stability is not necessarily boring: it means opportunity," protested Bob, the product manager on our...

Flexibility, structured bonus fuel surge in medium-term notes. (Capital Ideas)
June 1, 1993... When Reebok International Ltd., Stoughton, MA, registered a $150-million corporate bond shelf offering last January, it gave itself "a little more flexibility" by registering a medium-term note (MTN) program rather than a regular, underwritten...

Lawmakers seek to stoke small business with more capital. (Washington Watch) (Column)
June 1, 1993... Advised that small companies feed the economy more than large ones, Congress is pushing to find ways to encourage the flow of capital to these existing and prospective economic engines. Some lawmakers want to go beyond the Securities and...