Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
With a strong board, better operations, and real progress toward true collaboration, HOK's profits and cash flow were improving. HOK changed its bank from Bank of America and selected Wells Fargo as our replacement banking partner. HOK's ability to pay down their line of credit and being free from debt was more than a morale booster. It was liberating, a demonstration of HOK's ability to chart their own course, not to be at the mercy of others outside the firm. After they paid off the bank, they were determined to buy back their 15% of HOK stock from Kajima, which was still demanding dividends. This chapter advises to prioritize paying down the debts when one has the cash flow to do it. It is necessary to build up a strategic cash reserve, by continuing to make payments to the bank once any debts are paid. Conduct sensitive discussions on neutral turf.
With a strong board, better operations, and real progress toward true collaboration, HOK's profits and cash flow were improving. HOK changed its bank from Bank of America and selected Wells Fargo as our replacement banking partner. HOK's ability to pay down their line of credit and being free from debt was more than a morale booster. It was liberating, a demonstration of HOK's ability to chart their own course, not to be at the mercy of others outside the firm. After they paid off the bank, they were determined to buy back their 15% of HOK stock from Kajima, which was still demanding dividends. This chapter advises to prioritize paying down the debts when one has the cash flow to do it. It is necessary to build up a strategic cash reserve, by continuing to make payments to the bank once any debts are paid. Conduct sensitive discussions on neutral turf.
Buying Your Freedom
MacLeamy, Patrick (Autor:in)
07.04.2020
5 pages
Aufsatz/Kapitel (Buch)
Elektronische Ressource
Englisch
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