February 10, 2011

Used For What?



"Wealth unused might as well not exist."

Aesop
5th century BC Greek fabulist



So many quotes imply something without directly saying what that is, this one included.

Is a company's financial reserves, "unused" or prudent management?

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3 comments :

  1. CFO KenFebruary 11, 2011 at 8:47 AM

    Money kept in reserve is being "used" so it is not wasted.

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  2. CoyoteFebruary 11, 2011 at 9:02 AM

    I agree Ken but how much? As a CFO, you more than most know the devil is in the details. I also know that the answer to that question has to do with the specifics of the company and the circumstances they find themselves in, so can you generalize using some percentage of sales, profit, cash, etc.?

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  3. CFO KenFebruary 15, 2011 at 3:59 PM

    No I can't. As you say, how much depends on the specifics of each situation.

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