From the December-January 2009 issue of Treasury & Risk magazine

CFOs to Watch: Steering Through Troubled Times

CFOs Tom Schoewe of Wal-Mart, Jeffrey Burchill of FM Global and Jeffrey Henderson of Cardinal Health set their courses for the future.

This CFO Keeps Wal-Mart on Top By Richard Gamble

Tom Schoewe is sleeping well these days, partly because of $2 billion he didn't borrow in 2007. "That July, the treasury
group came to me," the Wal-Mart CFO recalls, "with a good plan for how we could borrow the $2 billion we were scheduled to borrow. They had done their homework and come up with a creative plan for a bond offering we could do at a low cost. We were growing nicely. The borrowing was part of our formal business plan. I reviewed it, liked the
way it was crafted and approved it. I ran it


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