Posted on 30 September 2009 by tibtv
In the wake of a disastrous quarter, distressed start-ups often restructure existing sales contracts in order to make-up revenue shortfalls. Converting term to perpetual licenses or soliciting customer pre-pays make for desperate tricks to hit forecasts. Customers should always be concerned with these machinations. We should all be concerned when these tactics are embraced by the Federal Deposit Insurance Corporation.
From NY TIMES: Banks to Prepay Assessments to Rescue F.D.I.C. WASHINGTON — Acknowledging that they had greatly underestimated the problems plaguing the nation’s banks, federal officials on Tuesday proposed a $45 billion plan financed by the industry to rescue the ailing insurance fund that protects bank depositors.
http://jonbfisher.blogspot.com
Jon B. Fisher
Strategic Entrepreneurism at Amazon
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