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Eye of the beholder topics don't generalize. If your CFO and Finance team is doing things like laying off all the information security people since they thought
by jart 5y ago
Eye of the beholder topics don't generalize. If your CFO and Finance team is doing things like laying off all the information security people since they thought Axa would pay the ransom gangs, then state the name of the company. Otherwise it's just venting handwavy frustration about people whose job requires taking risk mitigation seriously.
- sgt101 5y agoI'm not going to name companies as I don't fancy the blowback, but the fact is that CFO's aren't doing risk minimisation, they're doing bonus optimization. There is a common misconception that CFO's fiduciary duty to their shareholders determines that they should protect the long term stability of the company, but now most shareholders are in the company for 6mths tops. The duration of a CFO's fiduciary duty is arguably about 6mths out. The devastation of large companies in the economies of the west since 1980 is a testament to this.