Finance chiefs tell CFO.com what impact the financial crisis is having on their companies, their access to credit, and their cash management strategies. [ NEW ] Hughes Communications's Grant BarberWhile the satellite internet company is sitting on a ton of cash,...
Over at Information Arbitrage, Roger Ehrenberg has the following reflection on the predicament facing many blue chip companies in the midst of the financial crisis: Does GE really perceive themselves to be AAA if they are motivated to raise money on the terms proposed...
Today's big news (at least so far)... efforts turn to addressing the shortage of short term liquidity. [Read the Fed Announcement] via Bloomberg: Oct. 7 (Bloomberg) -- The Federal Reserve will create a special fund to purchase U.S. commercial...
The WSJ features a case study of Alfred Giammarino who took over as CFO at FairPoint Communications Inc. a month ago and "was promptly hit by the worst financial tsunami since the Great Depression." "This is a period when you really can't take...
The market is down sharply this morning, no surprise.Insight on the maneuvering over the weekend here. Continuously updated coverage: New York Times DealBook blog Wall Street Journal "Crisis on Wall Street" blog Bloomberg.com
It's been a tumultuous, historic weekend on Wall Street. Lehman Brothers faces bankruptcy and Merrill Lynch agreed to be sold to Bank of America. Meanwhile, AIG is scrambling for cash. Highlights:"The American financial system was shaken to its core on...
Attention Excel users! A couple related articles from CFO.com on spreadsheet worst practices and how to fix them. The first article generated so many emails that they published a follow up with even more tips. Spreadsheet "Worst Practices" Here's how...
CFO.com interviews Ben Heineman, author of High Performance with High Integrity: According to CFO.com:Ben Heineman got an eyeful of the C-suite during his 18 years as general counsel for General Electric Co. until his retirement in 2005. A book by Heineman published...
