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The role of a Chief Engineer?

I think they used to be worse before things got so corporate too. Lots more of the deadbeat owners back then. There was a lot right about radio of the past, but good credit for all radio as a whole wasn't one of them.
 
A friend of mine who worked for Dun and Bradstreet once told me that Radio Stations and Welding Shops were the two worst types of companies for paying their bills on time.
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Man, I guess you guys have never been in the Theatre Service business. Movie theatre owners, and chains are the absolute worst about paying. They will argue with you and nickel and dime you on everything. They often operate under the philospophy that they aren't going to pay you until they need you again at which point they will pay what they owe and then make you wait again... It is ridiculous!
 
I spent a good many years working for a Fortune 100 company that had a 'philosophy' of not paying accounts payable until the supplier hollered real loud. They would 'allocate' these unpaid funds to their commercial treasury people and use the 30-45 day float to make money on the unpaid funds. They were a virtual monopoly in their industry so suppliers couldn't gripe too much or risk being put 'on allocation' for products - something that would kill most suppliers.

It got so bad that prior to one biz trip I tried to reserve a rental car and was told I had to use something besides my corporate credit card. I think this was about the same time they told us in a series of general business meetings that the corporation wanted its employees to be the "cream of the crop" but targeted salaries and benefits to be "industry average".

There are many fools and idiots in business. Not all of them are at radio stations.
 
There is a philosophy that I have heard many times over the years - if you want to be successful and get ahead in this world, do two things:

1) Use someone else's money.

2) Pay yourself before you pay anyone else.

Sure, these ideals might line your pockets, but it creates an imbalance with the rest of the equation - namely the people who supply you with the things you need and who depend on your payment to get by.

Success, at the expense of others.
 
landtuna said:
I spent a good many years working for a Fortune 100 company that had a 'philosophy' of not paying accounts payable until the supplier hollered real loud. They would 'allocate' these unpaid funds to their commercial treasury people and use the 30-45 day float to make money on the unpaid funds. They were a virtual monopoly in their industry so suppliers couldn't gripe too much or risk being put 'on allocation' for products - something that would kill most suppliers.

It got so bad that prior to one biz trip I tried to reserve a rental car and was told I had to use something besides my corporate credit card. I think this was about the same time they told us in a series of general business meetings that the corporation wanted its employees to be the "cream of the crop" but targeted salaries and benefits to be "industry average".

There are many fools and idiots in business. Not all of them are at radio stations.
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Hey! I didn't know you worked at Radio One!
 
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