X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

David Goddard, treasurer of Verisign Corp., the $1.5-billion Internet infrastructure firm, spends part of each week in his Mountain View, Calif., office hunched over printouts of his company’s short-term money market fund investments with a ruler. He goes line by line through the holdings of each fund to see exactly what they are. “This job has changed in a way I never expected to see in my career,” says the 44-year-old treasurer, who assumed his post in December 2006. “But because of the things happening now that haven’t happened since the Great Depression, this is the future. Transparency is critical to ensuring liquidity, and you have to know what you’re investing in.”

Goddard, also president of the Silicon Valley Treasury Management Association, says that he is not alone in his new heightened concern about the quality and liquidity of his company’s short-term cash investments. “I’m constantly in contact with other treasurers,” he says, “and we’re definitely seeing a flight to liquidity and to quality. Certainly getting a good return is on everyone’s list of priorities, but it’s not the highest priority. The highest priority is preserving capital and liquidity.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.