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CFO/paying Bills

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If you were the CFO of a company, how might you go about implementing the strategy of not paying bills?

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Solution Summary

This solution explains how/why a CFO would "not" want to pay the company's bills in a timely manner. The professional ethic
surrounding this type of practice is also discussed.

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If I were the CFO of a company, I wouldn't want to devise a strategy that would avoid paying the company's bills. If the company avoids paying bills, the vendors and other creditors will turn the account over to a collection agency. This will lower the company's credit ratings and deter investors from investing in our company. It will ...

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