With the usual caveats about how unscientific an online poll is, I'd point out that our current homepage question, "Has your company deliberately slowed its payments to vendors in the past month?" has now received over 200 votes with 47 percent saying "yes."
As former IBM and Chrysler CFO Jerry York warned way back at our CFO Rising conference last March, now is the time to "watch your receivables like a hawk."
I suppose it is encouraging that our poll shows slightly less than half of respondents admitting to paying with a slow hand. But aour CFO Rising conference in October, a number of CFOs told us they were slowing payments to vendors and stepping up their receivables collection.
Chalk up two more victims of the financial crisis: the Golden Rule, and any corporate sense of irony.