What’s Going on in Finance Today
Failure to pay travel reimbursements in a timely manner may be costing companies more than they think. 25% of the companies that take longer to pay (nine days or more) end up paying nearly four times the amount out of their annual revenue compared to the 25% of companies that pay fast (four days or less). More on this story in the link below.
The proposed deal between Dell and EMC could mean opportunity for Hewlett-Packard, says Meg Whitman, Chief Executive at HP. The tremendous and inevitable debt Dell will be taking on as a result of the acquisition will certainly be a distraction for Dell employees. Instead of spending more on R&D and helping customers, Dell will have to focus more on their $2.5 billion annual interest payments. More in the link below.
These stories and more in the following articles, here’s the CFO roundup…
Heightened regulatory attention to misconduct in the banking industry is making conduct risk management a high priority.
As baby boomers age, lots of family businesses will be changing hands, and finance chiefs can drive the planning process.
>> David McCann
When companies fail to reimburse travel and entertainment expenses, it costs them — in more ways than one.
The planned transaction will distract the parties’ management and employees and cause a massive debt load that will stifle R&D spending, Whitman says.
Wells Fargo also takes on 3,000 GE Capital employees.
State official says the fees private equity firms charge to public pension funds are excessive and not transparent.
“The best way to keep activists away is to perform reasonably well in your business.”
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