Internal Financial Management (Classic Reprint) - Hardcover

Lucius W. Guernsey

9780656818716: Internal Financial Management (Classic Reprint)

Hardcover

ISBN 10: 0656818719 ISBN 13: 9780656818716

Publisher: Forgotten Books, 2018

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Excerpt from Internal Financial Management

A corporation, we naturally find ourselves assuming, secures business in satisfactory volume and increases this volume year after year. The managers draw comfortable salaries, bond holders receive their interest payments regularly, and stock holders are gratified with the dividends they are paid. Fresh capital ﬂows in from time to time to provide for expansion; subsidiary companies are taken over; and thus there evolves in due course an extensive organization, consisting of holding company and subsidiaries, and a more or less complex financial structure.

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