Hang onto your cash (TT Mar07 p26-28)

For over 30 years, Peter Hickson has been a professional finance manager – or, as a headhunter once put it, an executive mercenary – dealing with a host of issues from the corporate coalface. In a highly entertaining, thought-provoking and provocative ACT Winter Paper, sponsored by Barclays Capital, Hickson shared his corporate experience to answer the question, optimum capital structure – fact or fiction?