Corporate Cashflow Magazine articles from May 1992

Corporate Cashflow Magazine archives from May 1992

Top execs trade fatter paycheck for stock options. (compensation packages for chief executive officers)
May 1, 1992... If CEOs' gross pay is too gross, as manY headlines suggest, part of the reason may lie in strategies that link long-term pay to growth in shareholder equity. This is the fastest growing part of executives' compensation, says Ira Kay, managing...

Regs easing to allow public stock sales by small firms. (securities regulations)
May 1, 1992... Raising capital by selling stock to the public in amounts up to $10 million is getting easier, thanks to a broad-based push to open the capital markets to middle market companies. Such programs are being vigorously encouraged by the...

Warrants key to fixing debt overdose Thermadyne finds. (Thermadyne Industries Inc.)
May 1, 1992... Thermadyne Inc., a St. Louis-based private company with heavy debt and three major cyclical businesses, innovatively used debt warrants to complete a debt restructuring that will stretch cash outflows until 2001 and possibly keep the company...

Defined contribution expenses call for careful shopping. (defined contribution plans)
May 1, 1992... Tough economic conditions are forcing companies to look closely at what defined contribution plans cost whether or not they will foot the bill. Defined contribution plans like the popular 401(k) have been used widely to replace or...

UCC changes relieve check processors, add to corporate risk. (Uniform Commercial Code)
May 1, 1992... Regulators fine-tuning the Uniform Commercial Code have reduced the liability of banks for disputed or fraudulent checks and placed more responsibility on corporate shoulders. Still, experts say the rule changes, effective since January 1,...

Creditors' rights: to lure payments that will stick, learn angles of preference law. (Cover Story)
May 1, 1992... Imagine the following scenario: you sell goods or services to a customer with whom you've done business before. You send an invoice and, when payment is a little late, a reminder or two. Eventually, a check arrives, which you deposit without...

Creditors' rights: for a larger catch, try prepackaged bankruptcies. (Cover Story)
May 1, 1992... Dun & Bradstreet Corp. recently reported that business failures in the United States soared to a record 87,266 in 1991, up 43.7% from 1990. As expected, New England reported the highest rise with a jump of 81. 1%. According to statistics...

Catch cost savings with in-house netting. (multinational cash netting)(includes related article)
May 1, 1992... Don't overpay banks to manage multinational cash netting when a simple do-it-yourself program will suffice Few treasury managers have escaped the budgetary pressures of the 1990s. At most companies virtually all administrative functions and...

Use VEBAs to fuel FAS 106 funding. (Voluntary Employees' Beneficiary Association; Financial Accounting Statement)(includes related article)
May 1, 1992... A Voluntary Employees' Beneficiary Association (VEBA) is a health and welfare association that is tax exempt under Section 501(c)(9) of the Internal Revenue Code. Trusts established on behalf of VEBA members are used to collect contributions...

Protect your corporation from coming insurance storms.
May 1, 1992... The U.S. property/casualty insurance market has been characterized by dramatic swings in the price and availability of coverage since 1945. when the industry's pricing cartels were declared illegal and the government passed the...

Duration gains influence as rates fall. (interest rates and duration of bonds) (Basis Points) (Column)
May 1, 1992... I arrived early for the mortgage conference and was enjoying the early morning sun and balmy weather of Laguna Nigel, sipping coffee in the hotel courtyard. The flowers smelled sweet; the breeze was gentle, and the rhythm of the crashing surf...

Interstate branching still a hostage in banks-insurers standoff. (Washington Watch) (Column)
May 1, 1992... The insurance industry has just gained a tighter grip on an issue dear to most large commercial banks and their corporate customers: interstate branching. Some banks have lobbied aggressively for the right to branch across state lines,...

Institutional acceptance a must for continued growth of 144A. (private placements; Rule 144A of the Securities Act of 1933) (Capital Ideas) (Column)
May 1, 1992... Last December, Schering-Plough, Madison, NJ, issued nearly $600 million of zero-coupon notes as part of a complex security transaction. Then Ford Motor Co., Dearborn, MI, issued $182 million of 10-year subordinated debt. In August, Eli Lilly,...

Putting off-the-shelf software to work. (Treasury Technology) (Column)
May 1, 1992... Many treasury managers have had to become more experienced with standard, off-the-shelf software because of budget limitations or their need to develop simple, customized treasury applications. As more and more treasury managers come to...