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Ten signs of insolvency
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by mike_yvr | December 20, 2008 at 08:49 am
586 views | 31 Recommendations | 3 comments
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The warning signs were all there, first identified by the partner in a firm that cleaned up after the corporate excesses of the '80s, and dusted off today in Australia's Sunday Mail.
1. A company Mercedes-Benz or BMW with personalised number plates.
2. Fountain in the reception area.
3. Flag pole.
4. Prime Minister's Award for Industry.
5. Chairman honoured for services to industry (every industry but his own).
6. Salesman or engineer as chief executive.
7. Recently moved into modern offices.
8. Recently changed bankers.
9. Audit partner grew up with the company.
10. Chairman is a politician or well known for his charitable works – probably finishes up living on charity.
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Most RecentMost Recommended Comments (3)
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Jarrett Martineauat 09:28 on December 20th, 2008
How right you are...
at 10:20 on December 20th, 2008
Will they and we never learn?
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George Lemecha (not verified)at 15:57 on December 20th, 2008
How true. This would sum up just about ALL major companies in this country I reckon.