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> Apple also pays suppliers on net 90. I've always been surprised at how much of the business world runs on credit. You hear stories about how payments have be
by lesuorac 3y ago
> Apple also pays suppliers on net 90.
I've always been surprised at how much of the business world runs on credit. You hear stories about how payments have been months-years delayed (or never show up).
I'd like to think if somebody got more than 100days behind I'd cut them off from the next shipment but never been in that spot.
- ekidd 3y agoApparently, one of the reasons that RedHat survived the dotcom crash was that they were absolutely merciless about companies that didn't pay on time for RedHat's engineering/consulting services. I recall someone who had several on-site RedHat engineers at his company, doing some kind of Linux work. The company missed one Friday payment to RedHat. Every single RedHat engineer was gone the following Monday, never to return.
- AYBABTME 3y agoAny source? Looks like a very interesting story, would love to read more.