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Ready Or Not

Despite the trauma of 9/11, many companies lack full contingency plans

By Dave Lindorff | Updated on March 01, 2003

When terrorists destroyed the World Trade Center a year and a half ago, they shut down the financial district–at least temporarily–leaving all but the most creditworthy issuers able to tap the credit markets. Many companies found themselves facing short-term liquidity crises and scrambling to find cash to pay suppliers and meet payroll. The attack also got many executives thinking about scenarios that up to that point seemed unfathomable–and how their companies might meet such challenges.

Now, as the U.S. edges ever closer to war with Iraq and as the FBI and the new Department of Homeland Security warn of an upsurge in terror attacks against American targets, including financial and business venues, companies are beginning to take some steps to make sure they aren’t caught short again.

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