Shareholders and board have been warned to prepare for record turnover among
chief financial officers in 2007, following a survey from executive services
The survey suggested that
headaches, unrealistic demands from board members and chief executives will
drive more than 2,300 chief financial officers from their positions in 2007.
‘Corporate America may soon find that creating shareholder value is
impossible with what is quickly becoming an itinerant chief financial officer,’
said Tatum chairman and chief executive Richard D’Amaro.
‘Many CFOs are fired or resign not because they weren’t a good match for the
company when they were hired 20 months ago, but rather because the business has
evolved so quickly that their capacity and capabilities are no longer an ideal
match for the company,’ he added.
A record 2,302 US chief financial officers left their positions in 2006.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements