TITLE

The How Of Dow: Managing Currency Risk

AUTHOR(S)
Millman, Gregory J.
PUB. DATE
November 1998
SOURCE
Financial Executive;Nov98, Vol. 14 Issue 6, p19
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article refers to the impact of financial crises in Russia and Asia on American corporations and focuses on the financial risk management system used at Dow Chemical Co. Dow's chief financial officer Pedro Reinhard comments on a study of currency shifts, price elasticity of demand, and competitive positioning which lead to the development of a risk management program that protects the company's cash flow. The risk management system measures global currency, interest rate, and commodity exposures in terms of historical market behavior and a value at risk model. The finance department's investment strategy for currencies and interest rates is hedging and trading for profit. Local managers contribute information related to credit and currency risk. INSET: Reversal of Fortunes..
ACCESSION #
11873450

 

Related Articles

  • Dow Moves to Drop Reinhard from Board. Westervelt, Robert // Chemical Week;4/25/2007, Vol. 169 Issue 14, p8 

    This article states that the board of Dow Chemical has authorized a revised slate of nominees for election at its annual meeting at Midland, Michigan in May 2007, dropping the nomination of former chief financial officer (CFO) Pedro Reinhard. Dow will reduce the size of its board by one, to 11...

  • Navigating a down economy. Flynn, Richard // Accounting Today;10/5/2009, Vol. 23 Issue 15, p10 

    The article describes how chief financial officers (CFO) can help their clients survive a down economy and usher a company through to better times. It discusses how CFOs can control risk by re-assessing their growth and earnings projections and by adjusting current budgets to stave off losses....

  • CREATING VALUE IN TURBULENT TIMES. Banholzer, William F. // Research Technology Management;Jan/Feb2010, Vol. 53 Issue 1, p23 

    OVERVIEW: Although the world has changed drastically in the past year, the need for businesses to invent products that people want and are willing to pay for has not changed. At The Dow Chemical Company, this innovation is managed so as to create maximum value for the company. There are a number...

  • Chemical Fire Burns in Midland. Westervelt, Robert // Chemical Week;4/11/2007, Vol. 169 Issue 13, p5 

    The author comments on the rumours regarding the planned leveraged buyout of Dow Chemical. The company charged that former chief financial officer Pedro Reinhard and executive vice president Romeo Kreinberg were involved in unauthorized discussions with third parties about the potential...

  • Dow fires two over "secret negotiations.".  // TCE: The Chemical Engineer;May2007, Issue 791, p52 

    The article announces the dismissal of two senior executives of Dow Chemical including Chief Financial Officer Pedro Reinhard and plastics and chemicals division Executive Vice-President Romeo Kreinberg.

  • Perfecting the Cash Forecast: How to Add Business Value to Your Organization. Stark, Bob // Treasury & Risk;Sep2015, p12 

    The article discusses the importance of making investments in accurate cash forecasting. It states that chief financial officers (CFO) should understand connection between effective forecasting and financial performance to protect the incoming global cash flows through effective programs. It...

  • Dow Terminates Two Executives Over Unauthorized Buyout Discussions.  // Paint & Coatings Industry;Jun2007, Vol. 23 Issue 6, p24 

    The article reports that Midland, Michigan-based Dow Chemical Co. has terminated Pedro Reinhard as its senior advisor and member of its board of directors and Romeo Kreinberg as officer. It says that the two were involved in unauthorized talk with third parties regarding the possible acquisition...

  • Dow case continues. Ford, Brian // ICIS Chemical Business;5/14/2007, Vol. 2 Issue 66, p6 

    The article reports that Dow Chemical and its former chief financial officer, Pedro Reinhard, have traded breach-of-contract lawsuits. Reinhard was dismissed over accusations that he held unauthorized talks to sell the company. Reinhard included libel in his $75 million lawsuit against Dow...

  • Dow fires execs in sale soap opera…. Chang, Joseph // ICIS Chemical Business Americas;4/16/2007, Vol. 271 Issue 15, p7 

    This article reports on the move of Dow Chemical to dismiss two executives for allegedly talking with third parties about the potential acquisition of the company without being authorized. The company dismissed Pedro Reinhard, senior advisor and member of the board, as well as company officer...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics