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. ThedaCare also introduced a daily financial management tool for department managers.

article thumbnail

An Activist Investor Lands in Your Boardroom — Now What?

Harvard Business Review

He had earlier served as chief financial officer of two publicly-traded companies—Discovery Communications and American Tower Corporation—and would bring additional financial experience on capital allocation. Singer came on the board in October 2012.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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. A 2010 Harvard Business School case by Julie M.

article thumbnail

Why Sit on All that Cash? Firms Uncertain on Cost of Capital

Harvard Business Review

AFP conducted the Cost of Capital Survey in October 2010 and received answers from 309 chief financial officers, treasurers, vice presidents-finance, and assistant treasurers. Source: Association for Financial Professonals' Cost of Capital Survey.