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Eli Lilly CFO resigns over misconduct in workplace

HR Digest

Anat Ashkenazi, previously senior vice president, controller and chief financial officer of Lilly Research Laboratories, has been named as his successor and will now be the next CFO. Smiley was appointed the CFO in 2018. She was in charge of the finances of the company’s commercial unit and some other departments.

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Complimentary Resource – The CFO’s Cheat Sheet to Compensation Risk & Reward

Strategy Driven

The CFO’s Cheat Sheet to Compensation Risk & Reward. Finance leaders; find out how to stop struggling with time-consuming, inaccurate incentive compensation processes. Click here for more information on The CFO’s Cheat Sheet to Compensation Risk & Reward. by Ultimate Software. All rights reserved.

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When It Pays to Think Like a Finance Manager

Harvard Business Review

If you want approval for a new project — purchasing new equipment or computer systems, applying for a patent, building a new store — chances are you need your company’s finance department on board. To get the green light, it helps to understand how finance people think. Finance & Accounting Tool.

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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

This notion, that risk is a desirable feature, can seem like sacrilege to anyone who’s taken an introductory finance course. CFOs of these companies themselves admit that they cannot justify their market capitalizations based on traditional metrics.

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Before You Link Pay to Customer Feedback: Five Essentials

Harvard Business Review

More and more companies are tying incentive pay to customer metrics. The payoff from linking incentives to customer feedback can be significant. I recently ran into a company that based incentives on scores determined from as few as 11 respondents. Your CFO and finance team can take a leadership role here.

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The C-Suite Needs a Chief Entrepreneur

Harvard Business Review

We believe that CEOs need a partner for innovation inside their companies, someone who will create and defend processes, incentives, and metrics that encourage radical ideas and find new areas for growth. You must defend the culture, processes, incentives, and metrics that are born in this space. Introduce innovation accounting.

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The Business School Tuition Bubble

Harvard Business Review

And Mark Perry , a professor of economics and finance at the University of Michigan, puts it in perspective with a handy chart.). Incentives encourage faculty to conform to this behavior as administrators naturally prefer more tuition revenue to less. The doom-and-gloom scenarios always struck me as overly pessimistic.