The Curse of Robert Maxwell - A Lesson for Credit Managers
The Curse of Robert Maxwell - A Lesson for Credit Managers
As today's news reaches 1400 long-suffering pensioners affected by the Robert Maxwell pension scandal that their retirement income is to be halved, the credit management industry should also remember what Britain's biggest corporate crook taught us, stated Neil Jones, checkSURE Managing Director, when launching checkSURE's latest advertisement.
"Too many businesses, 41% according to a recent checkSURE survey, look upon the personality of senior individuals when making credit decisions. In today's complex and fast moving economic environment this is no longer good enough," said Mr. Jones."
Robert Maxwell was officially reprimanded over his business practices, and yet banks and other large corporations lent money to his businesses - in many cases based on his larger than life personality.
"Ten years on, the Internet is transforming how even the smallest business can manage their credit management function. Whilst more information alone does not mean that crooks like Robert Maxwell will never prosper. Effective distillation and dissemination of available information, coupled with other sensible business practices can reduce the risks associated with extending credit.
"With instant financial reports available online on almost four million UK businesses at only £9.95 at checkSURE - as our most recent advertisement points out - no business should end up swimming with the sharks!"
Click here to see checkSURE advertisement in PDF format.
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