Corporate Cashflow Magazine articles from May 1994

Corporate Cashflow Magazine archives from May 1994

Disbursement notice dodges blast from same-day settlement. (Trends: Cash Management)
May 1, 1994... Several months after the Fed's much-ballyhooed same-day settlement program went into effect, controlled disbursement accounts are still working efficiently, and paying banks have not been drowned in a sea of early-morning checks. Nevertheless, a...

Multi-currency pool key to mobilizing international cash. (Trends: Cash Management)
May 1, 1994... When McLean, VA-based Primark Corp. acquired Datastream International from its London parent in 1992, the extremely lean treasury staff headed by Paul G. Sandford, assistant treasurer for Primark, was faced with a critical international cash...

Transition costs could undermine new manager gains. (Trends: Investments & Benefits)
May 1, 1994... Pension plan sponsors, under the gun to deliver investment results that will minimize corporate contributions, are pushing their active fund managers and changing managers when results are slow to materialize. One result is more manager...

Pension assets in overfunded plans can do double duty. (Trends: Investments & Benefits)
May 1, 1994... Plan sponsors can't dip into the excess assets of their overfunded pension plans to finance a new factory without paying hefty tax penalties, but they might be able to use it to wipe out or reduce the deficit in an underfunded pension plan and...

Obsolete coverage prompts new D&O endorsements. (directors and officers liability insurance) (Trends: Risk Management)
May 1, 1994... Recent legislative and judicial actions on the environment, employment practices and securities violations have made traditional directors and officers (D&O) liability coverage grossly inadequate at many companies, but new endorsements address...

Multinationals trim accounting costs 35-45% by sharing. (Trends: Accounting)
May 1, 1994... Sharing financial services across division lines, long a cost-saver in the United States, now can provide similar savings for international firms with European divisions, despite language and currency barriers. Driving the change are the push for...

Financially efficient partnerships: trade credit terms: time for new flavors? (Cover Story)
May 1, 1994... In the '90s, far-sighted companies expect to succeed with their suppliers and customers, not at their expense. "Partnership" is now a favorite business buzz word, right up there with "reengineer" and "proactive," signaling an important shift...

Inflexibility preferred: firms cling to old-school investment policies.
May 1, 1994... While the investment markets have seen dramatic changes over the past decade, most formal, written investment policies have remained quite stable, suggesting that corporate management is willing to meet dynamic markets with static policies. A...

Gold medal leaps: best ways to gauge treasury performance.
May 1, 1994... Measurements demonstrate success. In business, you succeed by choosing and measuring progress toward goals that are relevant, understood and easily tracked. To measure success in treasury operations, managers must use--and perhaps...

Razing taxes: demolish the wall between tax and treasury.
May 1, 1994... Managing the treasury function effectively often entails understanding the impact treasury activities will have on other areas. Corporate tax departments and treasuries are particularly affected by each other's decisions. While no treasury...

Eurobond market beckons as domestic rates rise. (Capital Ideas) (Column)
May 1, 1994... The early birds already are shopping the Eurobond market for financing opportunities in anticipation of further interest rate declines on the Continent and further rate increases here at home. In fact, rate spreads between 10-year Treasuries...

Bogus securities fraud cases may be dismissed by Congress. (Washington Watch) (Column)
May 1, 1994... About three years ago, Silicon Graphics, a Silicon Valley computer company, saw its stock price drop 10% after it announced that its revenues would decline after six consecutive quarters of growth. A securities fraud lawsuit followed. Silicon...

Don't look back: taking chances builds broad-based knowledge. (interview with Massachusetts Mutual Life Insurance finance executive vice-president Daniel Fitzgerald) (Stepping Up) (Interview)
May 1, 1994... Daniel J. Fitzgerald, 46, was named executive vice president, corporate financial operations, of $54-billion Massachusetts Mutual Life Insurance Co., Springfield, MA, where he is CFO. In his 25 years with MassMutual he has held nine positions....

The SEC's toxic solution to environmental reporting. (Viewpoint)
May 1, 1994... It shouldn't have come as any surprise when Arco announced the other day that the cost of its environmental clean-ups could be as much as $1 billion more than it has already set aside. Many more companies large and small will be making such...

Search for strategic partners: finding treasury services through directories. (includes directory) (1994 Treasury Services Directory Issue) (Directory)
May 31, 1994... "Outsourcing," "reengineering," and "right-sizing" have replaced "float study," "end-point analysis," and "remote disbursement" in the treasury manager's lexicon. To accomplish the goals of outsourcing, reengineering or right-sizing, treasury...