Exact(38)
For the first time in over three years, CFOs in America are less gloomy about regional economic prospects than their counterparts in Europe and Asia.
At Xerox, which overstated its profits by $1.4 billion, Barry Romeril's retirement as CFO in December has not spared him an SEC letter asking why he should not be charged with fraud.Why are so many CFOs in trouble?
Median direct total compensation (base pay plus incentives) rose by 5.4% for CFOs in 2007, but fell by 1.4% for chief executives and by 1.7% for chief operating officers.Still, CFOs face a lot just now.
The importance of quarterly financial reporting, and closer scrutiny since the imposition of the Sarbanes-Oxley corporate-governance act, have put CFOs in the limelight and given them the chance to shine.Another factor in reaching the top is whether you stay with the company you joined as a youngster.
More precisely, this only allows correct estimation of CFOs in the range of ϕ∈ [ −0.25,0.25].
In his role at Apple, he has been cited as one of the best-compensated CFOs in the world.
Similar(22)
Mr Inglis was the fourth CFO in under three years.
Pearson was promoted to acting CFO in June 2015 after the position had been left vacant for 18 months.
America's three-to-one margin of doomsayers to cheerleaders is upbeat by comparison.Related items CFO in focus, June 2008Jun 13th 2008 Executive confidence: Free fallMar 25th 2008.
Following his association with Arthur Andersen as partner, he joined American Home Products, now Wyeth, in 1975 and retired as Senior Executive Vice President & CFO in 2000.
The anonymous CFO, who still awaits sentencing, shares a remarkable, blow-by-blow tale of cooking the books with CFO.com.Related items CFO in focus, July 2008Jul 15th 2008 CFO in focus, June 2008Jun 13th 2008 Inner-city crime: Back from the brinkApr 17th 2008From his point of view, his actions were the result of extreme pressure from the top to make the numbers work.
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