Emeritus Prof Christopher May on Nostr: This year has seen record levels of 'churn' in major firms Chief Financial Officers ...
This year has seen record levels of 'churn' in major firms Chief Financial Officers (CFOs).
Partly this is because the most popular route to CEO is via a spell as CFO, meaning their roles become vacant as boards seek new CEOs.
Also, increasingly #investors want the CFO to carry the can for failure or lacklustre performance.
In other words, 'financialisation' continues with #financial roles being both more influential, but also by extension being seen to blame....
h/t FT
Partly this is because the most popular route to CEO is via a spell as CFO, meaning their roles become vacant as boards seek new CEOs.
Also, increasingly #investors want the CFO to carry the can for failure or lacklustre performance.
In other words, 'financialisation' continues with #financial roles being both more influential, but also by extension being seen to blame....
h/t FT