As described in the HBR article “ Sustainability a CFO Can Love ,” by the company’s chief financial officer Kurt Kuehn and Lynnette McIntire, it is used to display proposed initiatives in terms of their relevance internally to the company’s strategy and externally to outside parties. It’s vital that companies manage their impact on the planet , and most are willing to invest at some level in sustainability initiatives. MORE
But Motorola’s markets were transforming in the mid-2000s, and chief executive Greg Brown and his board decided in March 2008 that the company should be split in two: Motorola Mobility would take its mobile phones and related devices, and Motorola Solutions its mission-critical data and communication products. Activist investors, though neither barbarians at the gates nor corporate raiders, can still seem very unwelcome. MORE
Chief Financial Officer. You need a numbers guy to navigate your company to financial success. If the movies are true, the ideal is a tie wearing, straight arrow that lives for financial statements. MORE
For example, Tim Sheahan, Chief Financial Officer for a large division of a multi-national corporation, aspires to become CFO of a Fortune 100 company in the future. This story had a happy ending since Tom took stock of his career, shifted to a new job in financial management, and has been extremely successful. Virtually all leaders espouse the benefits of a strong management team. However, they use starkly different levers to build one. MORE
As Keith Sherin, GE's chief financial officer, explained, "This is where the growth is. When news broke recently that Brazilian investment firm 3G Capital was teaming with Berkshire Hathaway to buy Heinz for $28 billion, some people noted that the deal marked a resurgence in M&A activity. Maybe so, but I see it as part of a bigger, more formidable trend that has vast implications for the future of almost every business: what I call the global tilt. MORE
What receives far less attention is that, more and more in our increasingly complex, volatile, and fully-globalized business world, the effectiveness of such action depends on a powerful partnership between the Chief Financial Officer (CFO) and the General Counsel (GC). MORE
Chief Financial Officer: “We should enter the Italian and German markets because we can generate $XMM in incremental profits.”. Chief Marketing Officer: “We should enter the Italian and German markets because we can increase our European market share by X%.”. MORE
For those who live in the Bay Area, they can work from the office, if they’d like. We pay a standard rate of $25 per hour, regardless of whether you’re applying to be an engineer or the chief financial officer. Automattic employs 225 people. MORE
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. Although Zhou had outperformed the financial plan, the gap between 3721’s market position and the local competition was widening. MORE
Yet the number of women at the top is barely budging: some 5% of Fortune 500 chief executive officers and 17% of board members. “If If you want to change the numbers, you have to get men involved,” says Mike Kaufmann, chief financial officer of Cardinal Health. Men this is your career guide about women you work with. The business case is compelling. Companies with more women in leadership posts simply perform better. MORE
What resources do you have to get something fixed?" —Chief Operating Officer. Every salesperson is trying to get into my office and explain how their wonderful products will save me tons of money. What they said didn't really apply to us." —Chief Financial Officer. MORE
Last month, Patrick Pichette, Google’s 52-year-old chief financial officer, announced that he was retiring to spend more time with his family. MORE
Peg Burnette, chief financial officer, said that since its Lean conversion (process started) in 2005, the city’s public health system has benefited to the tune of $54 million in increased revenue, money not spent, and expenses cut. MORE
If you answered B , then it’s time to get out of your office and hit the road again. These are the big kahunas at the corporate office making decisions about how much to cut your training budget. MORE
My boss, the Chief Financial Officer, set lofty goals. Ultimately, I was called into the CFO’s office and asked for my resignation. I never would have though, given my family’s financial position at the time. The Scenario: An Unrealistic Demand. MORE
Larsen; Founders and Vice Chairmen Randy Larsen and Henry Marsh; President and Chief Operating Officer Dell Brown; and Chief Financial Officer Devin Thorpe. MORE
Because "business in society" issues pose so much risk (and in some cases opportunity), the general counsel is viewed in many companies having the same stature as the Chief Financial Officer. In these, financial incentives are aligned (i.e., In a special New York Times section on business and law , Andrew Ross Sorkin opines: "As regulations change and the threat of litigation rises, the importance of lawyers has never been greater." MORE
Indeed, systematically dealing with the risks of anti-business/anti-globalization proposals and the opportunities of pro-growth policies has become as important for global corporations as addressing product, market, and financial issues. The contemporary CEO must not only be expert at addressing the commercial verities of products, markets, and competitors. MORE
To be sure, organizations need financial targets, and when they are under severe pressure, slashing "overhead" is far faster and easier. 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. A company's leaders need to be accountable for financial results. It isn't to sit in their offices reviewing budgets. MORE
Andrew Fastow, the former chief financial officer of Enron, recently completed a six-year prison sentence for his part in the scandalous deception that hid Enron's financial troubles from investors. After I was quoted late last year in an article on the 10th anniversary of the Enron debacle , Fastow contacted me and offered to speak to the Financial Statement Accounting class I teach at Tufts University's Fletcher School of Law and Diplomacy. MORE
As Keith Sherin, GE's chief financial officer, explained, "This is where the growth is. When news broke recently that Brazilian investment firm 3G Capital was teaming with Berkshire Hathaway to buy Heinz for $28 billion, some people noted that the deal marked a resurgence in M&A activity. Maybe so, but I see it as part of a bigger, more formidable trend that has vast implications for the future of almost every business: what I call the global tilt. MORE
Despite its infamous financial chicanery, it still appeared to be a viable, profitable firm. At the annual conference of the Association of Certified Fraud Examiners late last month, former Enron Chief Financial Officer Andrew Fastow, who served six years in prison for his part in Enron''s deceptions, offered an explanation. But after hearing Fastow speak twice to my Financial Statement Accounting class and reviewing independent evidence, I think I have good idea. MORE
The organizational "geography" also matters — chief marketing officer versus chief financial officer. If so, tease apart the issues one by one: If you feel intimidated by new technology, ask for help from someone outside the office. We operate in a business landscape driven by an obsession with youth. I should know. I used to work in the red-hot center of one of the most youth-oriented companies on the planet, Nickelodeon. MORE
The Wall Street Journal reported this week that chief financial officers are getting chucked off their companies' boards right and left as part of the push for more independent directors. But apart from a few opinion columns about the likes of Stout's book and my and Lorsch's article, these arguments don't seem to have penetrated mainstream financial discourse at all. Enron had quite an impressive board of directors. MORE
Fiduciary Duty: better align interests of financial intermediaries and their investors. Almost 80 percent of chief financial officers at 400 of America’s largest public companies say they would sacrifice a firm’s economic value to meet the quarter’s earnings expectations. MORE
Without it, no real success is possible, no matter whether it is on a section gang, a football field, in an army, or in an office.” – Dwight D. The following is a guest piece by Terri Williams. The supreme quality for leadership is unquestionably integrity. MORE
One of the first gentlemen I ever worked for, the Chief Financial Officer of our business division (yes, I started my career in finance!) would leave the office at 3:00 pm three days a week during the summer to get to his boys’ baseball games. MORE
The providers and front-office staff know what’s comforting to this particular child, making the experience calm, as opposed to a blood draw where you’re calling security to try to hold down a child. All of those have a financial plus side to them, but more importantly, the top doctors and researchers are attracted to that kind of atmosphere. I knew I had to get a top chief financial officer. MORE
And then there was the person at the top – the Chief Financial Officer in this case, to whom we eventually wrote a letter (just at the point, as it happened, when the money finally arrived). Think back, one more time, to the global financial crisis and what caused it. And the result, as with my unpaid invoice, was that the outside world ended up owning the problem (risk) and its consequences (financial meltdown). MORE
So, I’m sitting across from the Chief Financial Officer of a major organization and he’s going on about the next director he plans to fire. As the Chief Information Officer for the organization, it’s my unfortunate responsibility to support his behaviors. MORE
At the time we launched my second business, Sigma Communications, and its flagship magazine, The National Register of Commercial Real Estate , the biggest issue facing chief financial officers and real estate executives was their surplus real estate. Malls and office buildings sat empty, ushering in the term “see-thru buildings.”. MORE
They continue to express very high dissatisfaction with financial services, consumer durables, and healthcare. One reason is that women often work in so-called "protected" industries — education, health care, retail, service businesses, while job losses were concentrated in male-dominated industries construction, real estate, financial services. They are the chief financial officers at home, responsible for balancing the budget, yet companies continue to ignore their needs. MORE
Leaders. Better. Brighter.™ The Glowan Consulting Group L3 Blog Home About Glowan Subscribe to feed ‹ Adaptability, Inc. is hiring. I wish I would’ve told him that. MORE
Whether they''re pitching to a customer in an office, brokering a peace deal at Camp David, or arguing over curfew at the kitchen table, negotiators are people trying to persuade other people of their point of view. The Big Four are: The Chief Executive Officer: your inner Dreamer. The Chief Financial Officer: your inner Thinker. The Chief Operating Officer: your inner Warrior. Life is a series of negotiations. MORE
While raises or bonuses are not unimportant, especially in this uncertain financial climate, recent CTI data shows that workers across a spectrum of ages — from Baby Boomers who have worked hard to reach the peaks of their career, to Generation X'ers struggling to satisfy professional ambitions and personal fulfillment, to Millennials who view work/life balance as their right — are looking for a remix of conventional rewards. MORE
The chief financial officer (CFO) role rose to prominence in the mid -1980’s as pressures for value management and more transparent investor relations gained traction. Adding a chief marketing officer (CMO) became crucial as new channels and media raised the complexity of brand building, while Chief strategy officers (CSOs) joined top teams to help grapple with complex and fast-changing global markets. MORE
Before 1999 “performance” had a simple, unidimensional definition for health care leaders and their boards: It was shorthand for the CFO’s financial report, summarizing operating margins. Now, however, a unifying theory has emerged for how to improve performance for all these dimensions — safety, quality, experience, and financial. The financial health of the organization was the most important metric for management and governance to follow. MORE
The title Chief Executive Officer is something of a misnomer. An effective CEO makes things happen principally through his executive colleagues, aptly called “Chiefs” too: the CFO, CCO, and COO. MORE
The survey gathers perspectives from a small but influential group of executives — chief information officers, chief data officers, and senior business and technology leaders of Fortune 1000 firms. MORE
From the outset, all three men viewed themselves as serving in multiple roles: founder, custodian, brand manager, chief financial officer, recruiter, and head of consumer insights. MORE
A few years ago I was working with a global company that was trying to engage Chief Financial Officers. Paul Garbett for HBR. Over 4,000 companies have corporate universities. Some of the most famous are run by GE, Disney, and McDonalds. Their purpose is to instill the company’s vision and values and cultivate critical skills and competencies. MORE
A survey by Robert Half Management Resources of more than 1,400 Chief Financial Officers identifies integrity as the most important trait for [.]. It turns out that all of the discussion occurring about the importance of sound values and good ethics in the workplace is not idealistic talk. It’s actually important to the careers of business professionals. MORE
Nearly 13% of chief financial officers, chief marketing officers, and other C-level executives say that having input into company decisions is their top reason to stay with a company, according to the survey. Chief Executive Officer (CEO) Communication Memes Self-Awareness Work life boss-employee relationship c-level CEO disease execunet mark anderson peter cappelli university of pennsylvania wharton school MORE
Chief Financial Officer Related Topics Management is a Journey
DECEMBER 9, 2011
A survey by Robert Half Management Resources of more than 1,400 Chief Financial Officers identifies integrity as the most important trait for [.]. It turns out that all of the discussion occurring about the importance of sound values and good ethics in the workplace is not idealistic talk. It’s actually important to the careers of business professionals.
Coaching Tip
DECEMBER 13, 2014
Yet the number of women at the top is barely budging: some 5% of Fortune 500 chief executive officers and 17% of board members. “If If you want to change the numbers, you have to get men involved,” says Mike Kaufmann, chief financial officer of Cardinal Health. Men this is your career guide about women you work with. The business case is compelling. Companies with more women in leadership posts simply perform better.
Strategy Driven
OCTOBER 26, 2016
At the time we launched my second business, Sigma Communications, and its flagship magazine, The National Register of Commercial Real Estate , the biggest issue facing chief financial officers and real estate executives was their surplus real estate. Malls and office buildings sat empty, ushering in the term “see-thru buildings.”.
Tanveer Naseer
FEBRUARY 14, 2017
Without it, no real success is possible, no matter whether it is on a section gang, a football field, in an army, or in an office.” – Dwight D. The following is a guest piece by Terri Williams. The supreme quality for leadership is unquestionably integrity.
Coaching Tip
MARCH 29, 2011
Nearly 13% of chief financial officers, chief marketing officers, and other C-level executives say that having input into company decisions is their top reason to stay with a company, according to the survey. Chief Executive Officer (CEO) Communication Memes Self-Awareness Work life boss-employee relationship c-level CEO disease execunet mark anderson peter cappelli university of pennsylvania wharton school
Deming Institute
JANUARY 9, 2017
Fiduciary Duty: better align interests of financial intermediaries and their investors. Almost 80 percent of chief financial officers at 400 of America’s largest public companies say they would sacrifice a firm’s economic value to meet the quarter’s earnings expectations.
Great Leadership By Dan
JUNE 4, 2012
If you answered B , then it’s time to get out of your office and hit the road again. These are the big kahunas at the corporate office making decisions about how much to cut your training budget.
Modern Servant Leader
DECEMBER 13, 2011
My boss, the Chief Financial Officer, set lofty goals. Ultimately, I was called into the CFO’s office and asked for my resignation. I never would have though, given my family’s financial position at the time. The Scenario: An Unrealistic Demand.
Harvard Business Review
JULY 25, 2016
What receives far less attention is that, more and more in our increasingly complex, volatile, and fully-globalized business world, the effectiveness of such action depends on a powerful partnership between the Chief Financial Officer (CFO) and the General Counsel (GC).
Harvard Business Review
MARCH 26, 2014
As described in the HBR article “ Sustainability a CFO Can Love ,” by the company’s chief financial officer Kurt Kuehn and Lynnette McIntire, it is used to display proposed initiatives in terms of their relevance internally to the company’s strategy and externally to outside parties. It’s vital that companies manage their impact on the planet , and most are willing to invest at some level in sustainability initiatives.
Chart Your Course
JANUARY 13, 2017
Chief Financial Officer. You need a numbers guy to navigate your company to financial success. If the movies are true, the ideal is a tie wearing, straight arrow that lives for financial statements.
Harvard Business Review
JANUARY 7, 2014
For those who live in the Bay Area, they can work from the office, if they’d like. We pay a standard rate of $25 per hour, regardless of whether you’re applying to be an engineer or the chief financial officer. Automattic employs 225 people.
Harvard Business Review
SEPTEMBER 14, 2016
A few years ago I was working with a global company that was trying to engage Chief Financial Officers. Paul Garbett for HBR. Over 4,000 companies have corporate universities. Some of the most famous are run by GE, Disney, and McDonalds. Their purpose is to instill the company’s vision and values and cultivate critical skills and competencies.
Harvard Business Review
MAY 31, 2017
Before 1999 “performance” had a simple, unidimensional definition for health care leaders and their boards: It was shorthand for the CFO’s financial report, summarizing operating margins. Now, however, a unifying theory has emerged for how to improve performance for all these dimensions — safety, quality, experience, and financial. The financial health of the organization was the most important metric for management and governance to follow.
Harvard Business Review
NOVEMBER 7, 2013
The title Chief Executive Officer is something of a misnomer. An effective CEO makes things happen principally through his executive colleagues, aptly called “Chiefs” too: the CFO, CCO, and COO.
Harvard Business Review
APRIL 14, 2015
Last month, Patrick Pichette, Google’s 52-year-old chief financial officer, announced that he was retiring to spend more time with his family.
Harvard Business Review
MARCH 9, 2016
From the outset, all three men viewed themselves as serving in multiple roles: founder, custodian, brand manager, chief financial officer, recruiter, and head of consumer insights.
Harvard Business Review
FEBRUARY 9, 2016
The survey gathers perspectives from a small but influential group of executives — chief information officers, chief data officers, and senior business and technology leaders of Fortune 1000 firms.
Harvard Business Review
JUNE 22, 2017
The providers and front-office staff know what’s comforting to this particular child, making the experience calm, as opposed to a blood draw where you’re calling security to try to hold down a child. All of those have a financial plus side to them, but more importantly, the top doctors and researchers are attracted to that kind of atmosphere. I knew I had to get a top chief financial officer.
EnLeadership
JULY 29, 2010
Peg Burnette, chief financial officer, said that since its Lean conversion (process started) in 2005, the city’s public health system has benefited to the tune of $54 million in increased revenue, money not spent, and expenses cut.
Harvard Business Review
OCTOBER 10, 2013
The chief financial officer (CFO) role rose to prominence in the mid -1980’s as pressures for value management and more transparent investor relations gained traction. Adding a chief marketing officer (CMO) became crucial as new channels and media raised the complexity of brand building, while Chief strategy officers (CSOs) joined top teams to help grapple with complex and fast-changing global markets.
Harvard Business Review
DECEMBER 20, 2016
Indeed, systematically dealing with the risks of anti-business/anti-globalization proposals and the opportunities of pro-growth policies has become as important for global corporations as addressing product, market, and financial issues. The contemporary CEO must not only be expert at addressing the commercial verities of products, markets, and competitors.
Harvard Business Review
OCTOBER 22, 2013
And then there was the person at the top – the Chief Financial Officer in this case, to whom we eventually wrote a letter (just at the point, as it happened, when the money finally arrived). Think back, one more time, to the global financial crisis and what caused it. And the result, as with my unpaid invoice, was that the outside world ended up owning the problem (risk) and its consequences (financial meltdown).
Harvard Business Review
SEPTEMBER 17, 2012
What resources do you have to get something fixed?" —Chief Operating Officer. Every salesperson is trying to get into my office and explain how their wonderful products will save me tons of money. What they said didn't really apply to us." —Chief Financial Officer.
Harvard Business Review
SEPTEMBER 3, 2013
Whether they''re pitching to a customer in an office, brokering a peace deal at Camp David, or arguing over curfew at the kitchen table, negotiators are people trying to persuade other people of their point of view. The Big Four are: The Chief Executive Officer: your inner Dreamer. The Chief Financial Officer: your inner Thinker. The Chief Operating Officer: your inner Warrior. Life is a series of negotiations.
Harvard Business Review
AUGUST 6, 2014
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. Although Zhou had outperformed the financial plan, the gap between 3721’s market position and the local competition was widening.
Harvard Business Review
MARCH 22, 2013
As Keith Sherin, GE's chief financial officer, explained, "This is where the growth is. When news broke recently that Brazilian investment firm 3G Capital was teaming with Berkshire Hathaway to buy Heinz for $28 billion, some people noted that the deal marked a resurgence in M&A activity. Maybe so, but I see it as part of a bigger, more formidable trend that has vast implications for the future of almost every business: what I call the global tilt.
Harvard Business Review
MARCH 22, 2013
As Keith Sherin, GE's chief financial officer, explained, "This is where the growth is. When news broke recently that Brazilian investment firm 3G Capital was teaming with Berkshire Hathaway to buy Heinz for $28 billion, some people noted that the deal marked a resurgence in M&A activity. Maybe so, but I see it as part of a bigger, more formidable trend that has vast implications for the future of almost every business: what I call the global tilt.
Harvard Business Review
SEPTEMBER 27, 2012
Because "business in society" issues pose so much risk (and in some cases opportunity), the general counsel is viewed in many companies having the same stature as the Chief Financial Officer. In these, financial incentives are aligned (i.e., In a special New York Times section on business and law , Andrew Ross Sorkin opines: "As regulations change and the threat of litigation rises, the importance of lawyers has never been greater."
Harvard Business Review
MAY 1, 2012
Andrew Fastow, the former chief financial officer of Enron, recently completed a six-year prison sentence for his part in the scandalous deception that hid Enron's financial troubles from investors. After I was quoted late last year in an article on the 10th anniversary of the Enron debacle , Fastow contacted me and offered to speak to the Financial Statement Accounting class I teach at Tufts University's Fletcher School of Law and Diplomacy.
Harvard Business Review
JULY 11, 2013
Despite its infamous financial chicanery, it still appeared to be a viable, profitable firm. At the annual conference of the Association of Certified Fraud Examiners late last month, former Enron Chief Financial Officer Andrew Fastow, who served six years in prison for his part in Enron''s deceptions, offered an explanation. But after hearing Fastow speak twice to my Financial Statement Accounting class and reviewing independent evidence, I think I have good idea.
Harvard Business Review
JULY 28, 2011
They continue to express very high dissatisfaction with financial services, consumer durables, and healthcare. One reason is that women often work in so-called "protected" industries — education, health care, retail, service businesses, while job losses were concentrated in male-dominated industries construction, real estate, financial services. They are the chief financial officers at home, responsible for balancing the budget, yet companies continue to ignore their needs.
Harvard Business Review
MARCH 12, 2012
The organizational "geography" also matters — chief marketing officer versus chief financial officer. If so, tease apart the issues one by one: If you feel intimidated by new technology, ask for help from someone outside the office. We operate in a business landscape driven by an obsession with youth. I should know. I used to work in the red-hot center of one of the most youth-oriented companies on the planet, Nickelodeon.
Harvard Business Review
MAY 24, 2012
While raises or bonuses are not unimportant, especially in this uncertain financial climate, recent CTI data shows that workers across a spectrum of ages — from Baby Boomers who have worked hard to reach the peaks of their career, to Generation X'ers struggling to satisfy professional ambitions and personal fulfillment, to Millennials who view work/life balance as their right — are looking for a remix of conventional rewards.
Harvard Business Review
JANUARY 21, 2014
But Motorola’s markets were transforming in the mid-2000s, and chief executive Greg Brown and his board decided in March 2008 that the company should be split in two: Motorola Mobility would take its mobile phones and related devices, and Motorola Solutions its mission-critical data and communication products. Activist investors, though neither barbarians at the gates nor corporate raiders, can still seem very unwelcome.
Leaders. Better. Brighter.
SEPTEMBER 27, 2010
Leaders. Better. Brighter.™ The Glowan Consulting Group L3 Blog Home About Glowan Subscribe to feed ‹ Adaptability, Inc. is hiring. I wish I would’ve told him that.
Harvard Business Review
SEPTEMBER 29, 2011
For example, Tim Sheahan, Chief Financial Officer for a large division of a multi-national corporation, aspires to become CFO of a Fortune 100 company in the future. This story had a happy ending since Tom took stock of his career, shifted to a new job in financial management, and has been extremely successful. Virtually all leaders espouse the benefits of a strong management team. However, they use starkly different levers to build one.
Orrin Woodward
AUGUST 17, 2009
Larsen; Founders and Vice Chairmen Randy Larsen and Henry Marsh; President and Chief Operating Officer Dell Brown; and Chief Financial Officer Devin Thorpe.
Harvard Business Review
OCTOBER 11, 2011
To be sure, organizations need financial targets, and when they are under severe pressure, slashing "overhead" is far faster and easier. 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. A company's leaders need to be accountable for financial results. It isn't to sit in their offices reviewing budgets.
Harvard Business Review
OCTOBER 17, 2012
The Wall Street Journal reported this week that chief financial officers are getting chucked off their companies' boards right and left as part of the push for more independent directors. But apart from a few opinion columns about the likes of Stout's book and my and Lorsch's article, these arguments don't seem to have penetrated mainstream financial discourse at all. Enron had quite an impressive board of directors.
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