In most U.S. corporations, the treasurer was long considered a pleasant fellow who signed the checks and knew the way to the bank. Few businessmen think of him that way today. The profit squeeze, the need to keep a company's money flowing, the ever more entangling intricacies of corporate financing—all have made the treasurer a powerful executive who is involved in everything from capital spending to cost cutting. The new corporate treasurer is a tough, sharp-pencil man, and his skills and duties have grown so wide that he often boasts the title of financial vice president and ranks just...
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