04 April 2004

Corporate Lesson 1

Corporate Lesson 1

A man is getting into the shower just as his wife is finishing up her
shower when the doorbell rings. After a few seconds of arguing
over which one should go and answer the doorbell, the wife gives up,
quickly
wraps herself up in a towel and runs downstairs. When she opens the door,
there stands Bob, the next door neighbor. Before she says a word, Bob
says,
"I'll give you $800 to drop that towel that you have on."
After thinking for a moment, the woman drops her towel and
stands naked in front of Bob. After a few seconds, Bob hands her 800
dollars
and leaves. Confused, but excited about her good fortune, the woman wraps
back up in the towel and goes back upstairs. When she gets back to the
bathroom, her husband asks from the shower, "Who was that?" "It was Bob
the
next door neighbor," she replies. "Great!" the husband says, "Did he say
anything about the $800 he owes me?"
Moral of the story: If you share critical information pertaining
to credit and risk with your shareholders in time, you may be in a
position to prevent avoidable exposure.

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