Remove 2010 Remove Chief Financial Officer Remove Management Remove Operations
article thumbnail

Deadly Disease of Management: Emphasis on Short-term Profits

Deming Institute

Thomas Johnson and Anders Broms, the authors provide many good thoughts on the problems of accounting measures and management. Many large investments at our railroad and utility operations are also made with an eye to payoffs well down the road. …. Fiduciary Duty: better align interests of financial intermediaries and their investors.

article thumbnail

Stop Budgeting, Start Improving

Harvard Business Review

Consider ThedaCare , a healthcare system in Wisconsin, which eliminated its budgeting process in 2010. According to ThedaCare's chief financial officer, Tim Olson , top management viewed it as a significant waste of time. Managers no longer have to collect 7,000 lines of budget data.

article thumbnail

An Insider’s Account of the Yahoo-Alibaba Deal

Harvard Business Review

In May of 2005, Yahoo CEO Terry Semel, cofounder Jerry Yang, corporate development executive Toby Coppel, and I — I was then chief financial officer of the Silicon Valley internet company — went on what would turn out to be a fateful trip to China. The company was owned by management, venture capitalists, and SoftBank.