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> Who has the time or energy to spend interrogating the asset mix and bond duration of the bank with your checking account? The treasurer should have time as t
by prepend 4y ago
> Who has the time or energy to spend interrogating the asset mix and bond duration of the bank with your checking account?
The treasurer should have time as that’s part of her job.
- mikeyouse 4y agoJust not remotely feasible. How many companies have dedicated treasury functions? It’s almost always part of the role/responsibilities of a CFO or VP Finance until much larger than the companies in question here. People have really odd ideas about what corporate finance roles entail.
- prepend 4y agoI worked for a 50 person startup that only had $6M in VC funding. Our comptroller with staff of zero did this. It’s not terribly complicated. I would expect that even the smallest companies have someone responsible for finance. Or they can rent or contract out for it. But if there’s truly no one then that company has a huge mundane risk.