Randall D. Lund


Power January 10, 2005

Don’t cut capital costs

There is an old adage that goes like this: "Be careful what you wish for, you might get it." Consider the case of that all-too-frequent occurrence, the drive to cut capital expenditures. The dictum comes down: "We need to reduce our capital spending by 15% this year." Or "We need to limit capital spending this year to $10,000,000.

By Randall D. Lund
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