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Recommended Resources Offshore havens, asset protection, global investing and other useful techniques.
The Year 2000 Bookshelf Books to help your evaluate the Y2K problems you face.

Gary North's Y2K Links and Forums - Mirror

Summary and Comments

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1997-04-09 00:00:00


Fortune 500 Companies Have Not Yet Begun Code Repairs


A Reuters report (April 9, 1997) reports on a survey of Fortune 500 company information technology officers. Of those surveyed, under 13% said their firms had implemented plans to correct the y2k problem. Another 18% said they had developed a plan of action. Of the 18%, 87% said they planned to hire outside firms to do the work.

Some 97% of those polled said that funds allocated to solve the y2k problem amount to 20% or less of their information technology budgets.

The likelihood that America's largest, richest companies will meet the year 2000 deadline, let alone the 1999 deadline, is now virtually nil.

Plan accordingly. I recommend that you allocate over 20% of your present budget to solving your personal y2k problem. If you think that the Fortune 500 managers are derelict in their duty, don't be derelict in yours.

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