Corporate Cashflow Magazine articles from May 1991

Corporate Cashflow Magazine archives from May 1991

Raiders, armed with distressed debt, sack surprised managers.
May 1, 1991... Bondholders no longer are the quiet, steady investors they used to be. In fact, some of them are getting downright ornery. In recent months, these newbreed activist bondholders have blocked a restructuring, merger or acquisition for...

FASB posed to redefine debt, equity, off-balance-sheet. (Financial Accounting Standards Board)
May 1, 1991... In recent yers, the distinction between equity and debt has been blurred by the hundreds of hybrid instruments that have popped up, and loopholes to permit off-balance-sheet financing have been stretched by enterprising treasury managers. ...

Pay for performance ties fund managers to their returns. (Investments & Benefits)
May 1, 1991... More large corporate fund sponsors are turning to performance-based fees to reward investment managers whose returns outpace an agreed-upon benchmark and penalize those who fall short. Half the funds over $1 billion use performance fees to...

Put financials under the microscope for credit sales to leveraged customers. (includes related article on financial statements)
May 1, 1991... It takes new tools and skills to successfully manage the receivables risk of doing business with highly leveraged companies (HLCs), which include the much-publicized leveraged buyouts (LBOs). There are successful HLCs, of course. They...

Cracking the whip: credit tightens its grip to withstand recession.
May 1, 1991... Companies now are seeking to collect their accounts receivable during the first national recession in nearly a decade. In response to the economic downturn, they are not so much revolutionizing their approach to granting trade credit and...

In the power treasury: database outpulls spreadsheet.
May 1, 1991... Have you "macro-ed" yourself into a corner lately? Most treasury managers by now have mastered their favorite electronic spreadsheet. They can sort data, consult look-up tables and use macros that make their spreadsheet dance. However,...

AR: how to choose (or build) an international accounts receivable system.
May 1, 1991... Today, due to the imminent opening of the European Economic Community as an integrated market unit, many U.S.-based companies need off-the-shelf international accounts receivable software packages. Truly international, full-function credit...

Flexible master notes well suited to emergencies. (Basis Points) (column)
May 1, 1991... It's high noon in New York; the clock at the Chicago Mercantile Exchange shows eleven o'clock; travelers checking their wristwatches in Denver's Stapleton Airport see that it's ten a.m., and in San Francisco, Los Angeles and Seattle, some...

Federal government staggers as electronic payment pioneer. (electronic funds transfer) (Washington Watch) (column)
May 1, 1991... This year 50 federal government agencies are expected to use automated clearing house transactions to pay vendors for $200 million worth of goods and services. On the receivables side, a campaign is underway to boost electronic collection of...

Creating joint ventures for David and Goliath. (Capital Ideas) (column)
May 1, 1991... At many large companies getting a new project started and financed requires plowing through mountains of red tape and layers of management, even if the project has been conceived by individuals with high credibility and the money is there. ...