tag:blogger.com,1999:blog-16596192.post2565387014298484178..comments2009-07-09T05:44:42.066-07:00Thomas Aquinashttp://www.blogger.com/profile/15804830439308912945agentroark@gmail.comBlogger1125tag:blogger.com,1999:blog-16596192.post-89036593893797923972008-04-14T08:55:00.000-07:002008-04-14T08:55:00.000-07:00Hey Mike,<BR/><BR/>Nice piece. The related transactions are not too bothersome. For many of them the company may be getting a better deal then they could get elsewhere. In any case, it's better than the tons of perquisites (perks) you see with other companies - things like country club memberships, private parties, personal use of aircraft, etc.<BR/><BR/>The board as well makes sense to me. A CFO of McDonald's would have knowledge of international finance - an important strategy of Best Buy's growth. A chairman of Pepsi's Mexico operations provides them a unique perspective on a market they are entering. These are all good uses of board seats.<BR/><BR/>Finally, the accounts payable line has been growing roughly in line with revenues. BTW, a high accounts payable line is actually a good thing for retailers - it means they are able to pay suppliers slower (which greatly improves DSO, leading to better cash flow).<BR/><BR/>Thanks again for a good article.<BR/><BR/>Steve<BR/>www.magicdiligence.comstevehttp://www.blogger.com/profile/09033094081137415111noreply@blogger.com