Remove 2013 Remove Intangible Assets Remove Operations Remove Succession
article thumbnail

Why Financial Statements Don’t Work for Digital Companies

Harvard Business Review

Twitter reported a loss of $79 million before its IPO, yet it commanded a valuation of $24 billion on its IPO date in 2013. As digital companies become more prominent in the economy, and physical companies become more digital in their operations, income statements too become less meaningful in investors’ decisions.

article thumbnail

What It Will Take to Fix HR

Harvard Business Review

This transformation took time to play out and involved both displacements of incumbents operating in outdated modes and the emergence of new “feeder” roles for those aspiring to the C-suite. In the early 1980’s, sixty percent of corporate value creation emanated from the optimization of tangible assets.

CFO 11