Finance Turns Overtly Cautious

Companies pile cash onto the balance sheet, initiate crisis moves but stick to Treasuries for now.

The financial meltdown in the fall of 2008 prompted many large companies to prep for future calamities, but recent events are pushing them to accelerate the implementation of those defensive moves.

Corporate giants including Coca-Cola, Hyatt Corp., Kinder Morgan and J.P. Morgan have issued upwards of $5 billion in long-term debt over the last week, notes Robert Kramer, vice president of working capital solutions at PrimeRevenue, an Atlanta-based supply chain finance provider. 

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