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I mean, the CFO of GM is 39, Keith Cozza became CFO of Icahn at 27, David Knopf became CFO of Kraft Heinz at 29, Andrew Power of Digital Realty at 27
by ameister14 8y ago
I mean, the CFO of GM is 39, Keith Cozza became CFO of Icahn at 27, David Knopf became CFO of Kraft Heinz at 29, Andrew Power of Digital Realty at 27
- airstrike 8y agoThose are some cherry-picked examples... definitely not the norm and half of those aren't even comparable companies
- ameister14 8y agoYep, you're right - average age of a S&P 500 CFO in 2012 was 42, seems to have gone up a bit since. Just saying, not a toddler.
- hopler 8y agoThe average CFO of a Fortune 500 or S&P 500 company is 52.
- ameister14 8y ago48, actually. Where'd you get 52?
- ecpottinger 8y agoBut the claim is age means he can not be good, then when shown example of young CFO you claim cherry picking, but leave out the possibility that he could also be of the same caliber.
- gamblor956 8y agoI'm not saying that his age means he can't be good -- David Knopf is the perfect example of a qualified young CFO. But David Knopf is also the exception that proves the rule--before becoming CFO, he spent almost a decade earning experience doing exactly the kinds of things the CFO of a publicly traded company would do. Similarly, with the other examples cited, they all had direct experience doing the things that the CFO of a publicly traded company would do. But no one knows anything about the new CFO of Tesla. If he had been involved in Tesla's compliance or public-facing finance functions prior to this point, someone outside of the company would have worked with him and vouched with him. The silence speaks volumes.
- hopler 8y agoIsn't Knopf just a private equity lackey installed to pillage and bankrupt Heinz?
- airstrike 8y agoContrary to popular belief, Private Equity shops don't make money by bankrupting firms
- ameister14 8y agoIt's more accurate to say that Private Equity shops don't ALWAYS make money by bankrupting firms.
- airstrike 8y agoHow does someone make money by bankrupting what they own?