On December 2, 2008, (exactly 55 days prior to filing Chapter 11) Mike Mullin, Director of Media Relations & Public Affairs at Smurfit-Stone Container Corporation in Creve Coeur, Mo., hired Yellow-Tie member Cindy Wagner, a freelance copyeditor, to improve the website biographies of the company’s top corporate officers. Yet with a well-established 66-day net invoice requirement, a second-grader would have known Cindy's invoice for services would not get paid before the Chapter 11 was filed.
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Posted by
gwagner
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Published:
2009-02-22