Treasurer vs. CFO: Vivendi's liquidity disaster

What happens when the CFO and the treasurer clash over liquidity management and reporting? For the French company Vivendi, it caused them to run afoul of the Securities and Exchange Commission! The author explains what happened so other firms can avoid similar tragedies. © 2010 Wiley Periodicals, In...

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Bibliographic Details
Published in:The Journal of Corporate Accounting & Finance 2010-03, Vol.21 (3), p.7-12
Main Author: Le Guyader, Louis P.
Format: Article
Language:English
Subjects:
Cash management
Chief financial officers
Corporate treasurers
Liquidity
Roles
Online Access:Get full text
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Summary:What happens when the CFO and the treasurer clash over liquidity management and reporting? For the French company Vivendi, it caused them to run afoul of the Securities and Exchange Commission! The author explains what happened so other firms can avoid similar tragedies. © 2010 Wiley Periodicals, Inc.
ISSN:1044-8136
1097-0053
DOI:10.1002/jcaf.20574